Crypto Bank Vauld (formerly known as Bank of Holders) is known to industry leaders such as Pantera, COINBASE Ventures, CMT digital, and private businesses Robert Leshner of Compound Finance, Tarun Chaitra's Robot Ventures, CoinShares, Better Capital, New Form Capital has received an investment of $ 2 million in the last 4 months from Jesus Rodrigues (the CEO of IntoTheBlock).
Vauld uses these funds to establish and expand crypto banking in India. The company will provide loans, lending, trading, and payments. Vauld is looking to expand its reach in Europe and the
U.S. CEO Darshan Batija said in a statement, "We see that institutional capital comes to invest in cryptocurrency when it comes with banking facilities and it provides crypto credit facilities."
Vauld plans to expand its team of 7 members to 20. The appointments are focused on the Indian market for hours. Sanju Soni Kurian, co-founder and CTO of Vauld said in a statement.
Vauld co-founder Darshan Batija said: "We will work closely with commodities and banking regulators to ensure that we and our partners are fully compliant through the changing regulatory landscape."
The company aims to implement an over-the-counter (OTC) desk, debit and credit card, fiat and crypto trading for various countries. Users will get all traditional banking services in a more secure and transparent ecosystem. Vauld has created a niche in crypto world Has partnered with BITGO as the most trusted custodian. To ensure the security of our customers' deposits, and the peace of both you and us, BitGo's wallets are insured from Lloyd's of London for $ 100 million to protect the crypto kept in the wallet.
Vauld intends to move to Singapore and the UK over the next 24 months. To expand licensing to international crypto hubs.
Paul Veradittakit, a partner in Pantera Capital who invested in Vauld's project, said in a press release that his firm is excited, "Vauld's mission is to better work towards making and easing crypto currencies useful with existing banking infrastructure." To do.
Official Website: https://www.vauld.com/
Telegram: https://t.me/VauldOfficial
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