USBC, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsUSBC, Inc. is a Nevada-based fintech company pivoting from legacy sensor technology to a blockchain-based tokenized deposit platform and Bitcoin treasury strategy.
What they do
USBC develops a U.S. dollar-denominated tokenized deposit product that combines blockchain technology with digital identity, targeting a future public launch. The company also maintains a Bitcoin treasury strategy to fund pre-launch development. It divested its legacy non-invasive sensor business in March 2026.
Revenue drivers
- Tokenized deposit platform — Not yet launched; Phase 2 of delivery strategy in progress, no revenue generated.
- Legacy sensor technology (divested) — Sold in March 2026; previously minimal or no revenue.
Recent performance
For the transition period ended December 31, 2025, net loss was $22.1 million, compared to $16.6 million in fiscal 2024. Operating cash flow was negative $7.6 million in 2025. As of June 30, 2026, total assets were $66.5 million, with cash of $3.0 million and shareholder equity of $46.4 million. Quarterly revenue has been $0.00 since at least December 2022.
Strategy
Management is advancing a phased delivery strategy for the tokenized deposit platform, expanding testing to invited participants in Phase 2. It has implemented a Bitcoin treasury strategy to support development and research. The company completed a strategic controlling-interest acquisition by an affiliate of its CEO in August 2025, pivoting from Know Labs, Inc. to USBC, Inc. It also divested its legacy sensor business and provided a short-term credit facility to the buyer.
Risks
- No revenue — The company has reported zero revenue since at least fiscal 2022, relying entirely on funding for operations.
- Liquidity constraints — Cash of $3.0 million against ongoing operating losses may not be sufficient to complete planned development.
- Regulatory uncertainty — Tokenized deposits and digital assets face evolving state and federal securities laws, which could delay or alter the product.
- Related-party concentration — The controlling-interest acquisition by an affiliate of the CEO and the sale of the legacy business to a former executive create conflicts of interest.
Outlook
Management is preparing for a future public launch of the tokenized deposit offering, with Phase 2 testing expected to expand. The company continues to fund pre-launch development through its Bitcoin treasury strategy. No specific timeline or revenue forecast was provided.