Vaultbank incorporates free stock trading with digital asset trading, 120+ fiat currencies, and streamlined payouts on a single platform
SAN FRANCISCO, July 19, 2018 /PRNewswire/ -- In an effort to expand its goal of converging traditional investments and digital assets, Vaultbank announces the addition of free stock trading to its forthcoming launch. This new feature, advanced by a strategic partnership, is in addition to existing features that will allow trading of utility and security tokens. With this merging of services on one platform, users will have a single platform solution to invest globally, trade digitally, and cash out locally.
Through this newly formed partnership, Vaultbank has built a solution for Retail and Hedge Fund investors allowing them to trade U.S. equity securities (NYSE, Nasdaq, OTC) that are priced greater than $1.00 per share. These customers will have the ability to trade on margin and access real-time market data.
This partnership allows Vaultbank to utilize its existing broker dealer for equities trading. Vaultbank is in the process of obtaining its own licenses and approvals for the creation, sale, and trading of tokenized securities in addition to dozens of utility tokens.
Aaron Travis, COO of Vaultbank, shares: "The addition of traditional equity securities on our platform enables our customers to utilize a single platform solution for all of their investing needs. Whereas they would previously use 3-4 other platforms, the Vaultbank Platform will allow individuals from 120+ countries to fund their account with their native fiat, trade an array of digital assets, and cash out to their mobile wallet or bank account. This development is in line with our goal of being a leader in the convergence of traditional finance with the digital asset space through the use of blockchain technology."
The Vaultbank Platform is currently in beta testing. A tiered global rollout is scheduled to begin in the third quarter of 2018. Prospective users are invited to join the waitlist on Vaultbank's homepage at vaultbank.io.
ABOUT VAULTBANK
Vaultbank
Vaultbank is a FinTech company innovating the convergence of two worlds - traditional investments and digital assets. Vaultbank utilizes blockchain technology to create, issue and trade financial instruments through a single platform. By providing the next generation suite of financial services, Vaultbank will allow for the buying, selling, and spending of cryptocurrencies, tokenized securities, and traditional equities on web-based and mobile platforms.
For more information visit: https://vaultbank.io
The Vaultbank Platform
The Vaultbank Platform intends to be one of the first platforms to compliantly facilitate the global trading of both utility and security tokens. Vaultbank has been working with regulatory agencies and other governmental bodies to acquire necessary licenses and comply with strict KYC/AML, FATCA and accreditation requirements in jurisdictions all over the world.
The VB Token
Vaultbank intends to generate profits and distribute dividends to VB Token holders. The VB Tokens represent partial ownership stakes in Vaultbank and its VB Fund and are backed by non-voting shares of Vaultbank held in equitable trust.
The Vaultbank Board of Directors
The Vaultbank Board of Directors includes former BlackRock CIO Ken Kroner, VP of Innovation at Franklin Templeton Austin Trombley, former Third Point Capital Partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, and Gyft co-founder CJ MacDonald.
MEDIA CONTACT: John Nahas - [email protected] - +1-818-438-9707
Disclaimer: Vaultbank refers to a group of companies that includes Vaultbanc Ltd., a Singapore public company limited by shares, and certain of its affiliates. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. Some of the statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include those relating to our expectations, estimates and intentions regarding our business and our industry, and are generally identified by the words "expects," "intends," "anticipates," believes," "plans," "will be" and similar expressions. Readers are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond our control. Other than as required by law, Vaultbank does not undertake any obligation to update or revise any forward-looking statements. Vaultbank is not a bank as defined under the Banking Act of 1933 or any other applicable law in the United States, Singapore or elsewhere.
SOURCE Vaultbank
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