This charter sets the stage for Telcoin to operate as the country’s first true blockchain-native bank, connecting U.S. bank accounts directly to regulated Digital Cash stablecoins. Its flagship product, eUSD, will be the first bank-issued on-chain U.S. dollar stablecoin, designed for payments, remittances, savings, and even DeFi interactions—legally and compliantly.

A Bank That Speaks Blockchain

Unlike offshore or unregulated stablecoins, eUSD is fully backed by U.S. dollar deposits and short-term Treasuries held in regulated reserves. Telcoin’s approach bridges the $4 trillion blockchain economy with traditional finance, creating a model that aligns innovation with regulatory oversight.

“Our charter makes history—not just for Telcoin, but for the U.S. banking system,” said Paul Neuner, Telcoin Founder and CEO. “eUSD brings the speed, transparency, and affordability of blockchain into everyday finance in a way that anyone can use.”

The timing dovetails with the recent GENIUS Act, providing federal guidance for stablecoins, a framework that Telcoin intends to leverage while addressing systemic risk concerns raised by regulators.

Beyond a Stablecoin: A Full-Service Digital Bank

Telcoin Digital Asset Bank plans to offer more than just eUSD. The institution aims to provide compliant stablecoin yield products, along with retail and commercial banking services, subject to regulatory approvals.

“Almost 5,000 U.S. banks exist, but only the top 5% can handle digital assets in-house,” said Patrick Gerhart, President of Banking Operations at Telcoin. “We want to help the remaining 95% safely connect to blockchain-based finance.”

By embedding digital assets within a regulated banking framework, Telcoin seeks to modernize payments, empower small businesses, and strengthen community bank balance sheets.

Nebraska: A Hub for Blockchain Banking Innovation

Governor Jim Pillen signed the charter at the Nebraska State Capitol, a milestone built on the Nebraska Financial Innovation Act (2021), which laid the foundation for Digital Asset Depository Institutions. Nebraska’s regulatory leadership positions the state as a national center for blockchain banking innovation, with support from industry and legislative figures like Congressman Mike Flood.

“Telcoin Digital Asset Bank exemplifies how compliance and innovation can coexist,**” Neuner added. “We’re setting a global example for how local banks, regulators, and innovators can enable money to flow at internet speed.”