The milestone

AD-WAN moves into formal enterprise evaluation

USDN has reached a significant milestone in the commercialization of AD-WAN. Joseph Turnbull, VP GNS of Broadridge Financial Solutions, signed the document titled “Letter of Intent and Conditional Purchase Order, AD-WAN Enterprise Evaluation and Requirements Baseline Framework.”

The document establishes a structured enterprise evaluation and outlines an envisioned commercial relationship whose aggregate value may exceed $100 million over its lifetime, subject to successful evaluation, definitive agreements, and procurement approvals.

The counterparty

Why Broadridge matters

Broadridge is an S&P 500 fintech and market infrastructure powerhouse whose technology supports the daily trading and settlement of more than $15 trillion in securities globally, including equities and fixed income.

Spun off from ADP in 2007 and headquartered in Lake Success, New York, Broadridge plays a critical role in the infrastructure serving the world’s financial institutions. broadridge.com

The market context

Why this milestone matters on Wall Street

The significance of Broadridge’s signature extends well beyond the dollar figure. It places USDN’s technology within a formal evaluation tied to the enterprise network modernization objectives of a major financial infrastructure provider.

Broadridge occupies a consequential position in the Wall Street ecosystem. Its platforms support financial institutions whose operations depend on secure systems, reliable connectivity, and continuity of service. Broadridge itself has emphasized the growing importance of operational and cyber resilience across capital markets. In that environment, the requirements AD-WAN are being asked to meet carry substantial business importance.

Enterprise significance

A documented opportunity at enterprise scale

What distinguishes this agreement is the combination of a signed enterprise evaluation framework, 86 documented requirements, a defined acceptance and remediation process, and an expressly acknowledged commercial scope that may exceed $100 million over the relationship’s lifetime. Together, these elements give USDN a concrete basis for pursuing a substantial enterprise relationship.

Following several months of beta testing and direct technical collaboration, Broadridge has formalized the framework through which AD-WAN will be assessed for broader deployment. From USDN’s perspective, that progression is a meaningful signal that our technology warrants continued, rigorous consideration in a demanding financial services environment.

For Wall Street investors and enterprise decisionmakers, the central question is whether innovation can translate into dependable execution and commercial adoption. This agreement gives USDN a defined opportunity to demonstrate that connection: validate the requirements, document the results, address remaining gaps, and work toward definitive commercial terms.

For stakeholders

What this means for stakeholders

Enterprise credibility

USDN has advanced to a documented evaluation with an institution central to the financial services ecosystem.

Commercial scale

The agreement acknowledges a contemplated relationship spanning software, hardware, professional services, maintenance, managed services, and support, with aggregate value that may exceed $100 million.

A measurable path forward

The requirements and phased review process establish the work through which USDN can demonstrate readiness and support a broader deployment decision.

Next steps

The path toward commercial deployment

The commercial provisions reflect the parties’ current intentions, with binding purchase commitments arising only upon execution of definitive agreements, and the stated financial scale is illustrative and conditional. Successful evaluation and procurement approvals remain necessary before purchase obligations arise.

Those conditions make our next steps clear. Broadridge’s signature is a major milestone for USDN; delivering against the framework is how we turn that milestone into lasting enterprise value.

Perspective from the evaluation team

USDN’s team has demonstrated dedication, responsiveness, and a collaborative approach throughout our evaluation of AD-WAN. This framework establishes a clear path to validate the platform against Broadridge’s enterprise requirements. We look forward to continuing our work together and assessing how AD-WAN can support our network modernization objectives.
Joseph TurnbullVP GNS, Broadridge Financial Solutions

A message from Paul · Gratitude, confidence and determination

Broadridge’s signature marks a defining milestone for USDN, one built on years of development, persistence, and the dedication of our employees, investors, advisors, and stakeholders. Through disciplined execution, clear communication, and technical excellence, every requirement we validate and every challenge we overcome strengthens our foundation for the Broadridge relationship and positions USDN for broader opportunities across the enterprise market. Together, we have brought this vision to a pivotal moment. Now, we must carry it forward with the same determination that brought us here.
Paul Peru ValenzuelaCo-CEO, USDN

A thank-you

To our investors and stakeholders

Thank you for your trust, patience, and unwavering support. You have invested more than capital, you have placed your confidence in our people, our technology, and our vision. This milestone is yours to share, and we hope it brings renewed pride in what you have helped USDN achieve.

We believe this milestone can become a powerful catalyst for USDN’s valuation and a new wave of recognition across the data transportation industry. As we turn technical achievements into commercial success, we have an opportunity to elevate USDN’s market position, attract partnerships with top-tier enterprises, and draw the attention of strategic acquirers seeking differentiated technology. Your early belief has helped USDN position opportunities that could profoundly expand the value and reach of everything we have built together.

We look forward to sharing more significant developments in the very near future as our work advances and milestones are confirmed. Your belief in USDN continues to inspire us, and we remain focused on honoring that trust through meaningful progress, disciplined execution, and the pursuit of lasting value for everyone who has stood beside us.

Thank you for helping bring USDN this far. We are proud of what we have accomplished together and energized by the scale of what comes next.

A Major Milestone Toward a $100MM-Plus Enterprise Relationship

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