Universal Token, Inc.

What they do

Universal Token was incorporated in Wyoming in August 2021 as Eco Bright Future, Inc. and renamed Universal Token, Inc. in October 2025 to reflect a change in business operations. The company intends to develop an open-source platform and developer infrastructure using Universa Blockchain to create the UTKN platform, which it describes as enabling participation in real-world asset (RWA) tokenization. It states it does not and does not plan to engage in crypto asset trading and does not own crypto assets.

Revenue drivers

• UTKN tokenization platform (planned) — The company states no revenue was recognized in the three or six months ended June 30, 2026 or 2025, and annual revenue was $0 in 2024 and 2025, so this planned platform is not currently producing revenue.
• Real-world asset tokenization services (intended) — Management describes an intention to provide digital assets from El Salvador, tokenize assets such as real estate, precious metals, art and collectibles, and develop blockchain tools for entry to countries such as the United Arab Emirates; no revenue has been reported from these activities.
• Historically, prior-period operations — The only reported revenue in the data provided was $32,132 in 2023, prior to the current-stage operations; 2024 and 2025 annual revenue was $0.

Recent performance

For the three months ended June 30, 2026, the company recognized no revenues and a net loss of $18,636, compared with no revenues and a net loss of $221,591 for the three months ended June 30, 2025. Operating expenses were $18,636 in the 2026 quarter versus $221,426 in the 2025 quarter, split between $13,990 professional fees and $4,646 general and administrative expenses in 2026. For the six months ended June 30, 2026, the net loss was $36,361 in operating expenses versus $314,579 in the comparable 2025 period. At June 30, 2026, the company reported $2,697 in current assets, $1,151,003 in total assets, $66,128 in total liabilities and a $571,580 accumulated deficit. Reported annual net losses were $166,378 in 2024 and $356,248 in 2025.

Strategy

Management states it is developing an open-source platform and developer infrastructure using Universa Blockchain to create the UTKN platform for real-world asset tokenization, with tools for mobile and digital access. The company says the platform is intended to support safe transfers of digital assets across wallets using KYC and AML processes. It says it does not and does not plan to trade crypto assets and does not own crypto assets. During November 2025, United Heritage disposed of Universa Hub Africa and stopped consolidating its operations; the company states its current consolidated jurisdictions are El Salvador and the United States. The 10-K states the company estimates between $5,000,000 and $25,000,000 will have to be raised over the next two years, and it expects to continue incurring losses for the immediate future.

Risks

• Going concern — Management states current liquidity is not sufficient to fund anticipated operations for at least the next 12 months and there is substantial doubt about the company's ability to continue as a going concern.
• No revenue and recurring losses — The company reported $0 revenue in 2024 and 2025 and in each recent quarter, with net losses of $166,378 in 2024 and $356,248 in 2025 and a $571,580 accumulated deficit at June 30, 2026.
• Need for additional capital — The 10-K states the company estimates between $5,000,000 and $25,000,000 must be raised over the next two years, and failure to raise capital could delay growth or force it to cease operations.
• Key personnel and control concentration — The company states it is highly dependent on Chief Technology Officer Tomaz Strgar, and that current officers and directors own approximately 74% of outstanding common stock, with Alexander Borodich holding Class A Preferred Stock carrying the right to vote 49% of voting securities.

Outlook

Management states it expects to continue incurring losses for the immediate future and anticipates losses from operations will increase over the next twelve months due to added payroll, legal and accounting expenses. It says it will need additional equity or debt financing until it can achieve profitability and positive operating cash flow. The company states there is no assurance it will ever be profitable or that financing will be available, and its financial statements do not include adjustments for the possible effects of failing to continue as a going concern.