The bank says its VCAD stablecoin is the first digital currency issued by and backed by deposits with a North American bank.
VersaBank says its VersaVault offers "absolute privacy" when announcing that crypto exchanges and funds can sign up to use the platform on Thursday.
Canada's VersaBank has signed memorandums of understanding with a crypto exchange and a crypto fund that may use its custodial service.
VersaBank, based in Canada, is developing a "blockchain-based digital safety deposit box" as part of an effort to tap the tech for new services.