Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Germany blocks Chinese stake in two chipmakers over security concerns

Published On :

Vaultbank Fund to provide main asset-backing of each VB token, firm partnering with Gordian Compliance Solutions to secure ATS and NFA registrations

Vaultbank (www.vaultbank.io), the cryptocurrency exchange platform for buying, selling, and trading asset-backed tokens, today announced it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers. The company also announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and intends to pay quarterly dividends in Ethereum (ETH). Of the $3 million raised in the VB token sale, $1.3 million has been allocated to the Vaultbank Fund, providing the main yields to be used for potential dividends which are expected to be distributed at the end of Q2, 2018.

“At Vaultbank, we’re building a suite of financial services to support the evolution of cryptocurrency trading and investing, and the Vaultbank Fund is a major feature of this effort,” said Christopher Cummock, Co-Founder and Chief Compliance Officer. “We are pleased by the support from our backers in the VB token sale, and look forward to continuing to build out our platform and fund offerings.”

Vaultbank is a global investment firm that provides a comprehensive suite of financial solutions including a secured asset fund, its proprietary Vaultbank Exchange, and traditional investments securities that include Mutual Funds and Hedge Funds.  The Vaultbank Exchange will offer a fully securities-compliant platform supporting KYC, AML, FATCA, and Accreditation.

Vaultbank has also partnered with Gordian Compliance Solutions, LLC, a compliance consulting firm, headquartered in San Francisco, CA. Vaultbank and Gordian Compliance Solutions are in the process of registering with the SEC as an Alternative Trading System (ATS) and with FINRA as a registered broker-dealer for the issuance of security tokens and the trading of security and utility tokens on the Vaultbank Exchange.

Built on the Stellar platform, Vaultbank Exchange offers lightning-fast transaction times at a fraction of the cost of other exchanges. While many exchanges have come under scrutiny for providing insufficient security protocols, Vaultbank has been engineered to provide enhanced security via compulsory triple-factor authentication. Vaultbank further mitigates security risks inherent in other centralised exchanges by providing traders total control over their private keys.

Vaultbank board of directors includes former BlackRock CIO Ken Kroner, former Third Point Capital partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, Gyft co-founder CJ MacDonald, and former Bank of America Managing Director Mike Gay.

Continue Reading

Recent Posts