USBC Business Summary

USBC, Inc. (NYSE American: USBC) is a multi-disciplinary technology firm that recently pivoted from its legacy as Know Labs, Inc. to focus on digital financial infrastructure and a Bitcoin-centric treasury strategy. The company generates revenue through its tokenized bank-deposit network, which facilitates U.S. dollar-denominated digital representations of bank deposits on the blockchain, earning fees from network operations and transaction processing in partnership with depository institutions like Vast Bank. Its primary business segments include Digital Finance—encompassing the USBC tokenized deposit platform and an active Bitcoin treasury that employs options-based yield generation—and a legacy Health Monitoring division centered on its proprietary Bio-RFID and ChromaID non-invasive sensor technologies. USBC competes directly with stablecoin issuers and blockchain payment firms such as Circle (USDC), Paxos, and Ripple, positioning itself as a regulated, bank-integrated alternative to synthetic stablecoins by offering tokenized deposits backed by FDIC-insured institutions. Leadership is spearheaded by Chairman and CEO Robert Gregory Kidd, a prominent venture capitalist whose pedigree includes early-stage investments in Twitter, Square (Block), Coinbase, and Robinhood, and who previously served as Chief Risk Officer at Ripple. The company was founded by Ronald P. Erickson, who now serves as Senior Vice President of the Science Division and Lead Director, maintaining oversight of the firm’s medical sensor research. The executive team also includes CFO Kitty Payne and Chief Medical Officer James H. Anderson. USBC is heavily backed by Kidd’s affiliate, Goldeneye 1995 LLC, which holds a majority stake of approximately 92%. The Board of Directors features notable figures such as Vice Chair Linda Jenkinson, a veteran of global financial services and medtech boards, and Admiral William A. Owens, former Vice Chairman of the Joint Chiefs of Staff.