Virtual Assets Lab (VAL) offers a secure and compliant stablecoin management platform and wallet technology that supports G10 currencies, enabling efficient global transactions. By utilizing self-sovereign identity and verified credentials, VAL enhances user privacy and reduces friction in digital asset management.
Funding
Funding not disclosed
Founders
Product
Problem
Existing stablecoin solutions often lack transparency, security, and the ability to seamlessly integrate with various blockchain networks and exchanges. This creates friction for users and limits the potential for widespread adoption in global commerce.
Solution
Virtual Assets Lab (VAL) offers a stablecoin management platform and wallet technology designed to address these challenges. The platform supports G10 currencies, providing a compliant and secure infrastructure for global transactions. VAL's solution incorporates self-sovereign identity (SSI) and verified credentials (VCs) to enhance user privacy and reduce friction in digital asset management. The platform is chain-agnostic and exchange-neutral, ensuring flexibility and interoperability across the financial landscape.
Target Audience
The primary target audience includes users, blockchain networks, exchanges, institutions, and governments seeking secure, compliant, and customizable stablecoin solutions.
Features
- Supports G10 currencies, including USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, SEK, and NOK.
- Mobile wallet app enables users to manage their wallet, access stablecoins, and establish a self-sovereign ID (SSI).
- Compliant and licensed across various jurisdictions, including VQF (Switzerland), EMI (Europe), VASP (Europe), and AUSTRAC (Australia).
- SOC II compliant mobile wallet technology.
- Real-time attestations provide transparency by legally attesting to the balances held backing "1USD" cross-referenced against "1USD" balances on chain.
- Chain-agnostic and exchange-neutral design for compatibility with various blockchain networks and exchanges.
- Customizable platform with robust support services for efficient onboarding and management.