VaultLink provides a regulatory-compliant platform that enables banks to offer digital asset services, including custody, staking, and real-time value transfer. The solution addresses the challenge of non-compliance in the cryptocurrency market by ensuring that digital assets are held to the same standards as cash, with thorough verification and monitoring of transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Banks face challenges in offering digital asset services due to a lack of knowledge, technical expertise, and regulatory clarity. The cryptocurrency market's non-compliance creates risks related to illicit financing and jeopardizes the integrity of the financial system.
Solution
VaultLink provides a turnkey SaaS solution that enables banks to offer digital asset services in a regulatory-compliant manner. The platform allows banks to participate in the crypto-asset marketplace by providing a payment and value transfer rail that runs parallel to a bank’s core technology. VaultLink holds digital assets to the same regulatory standard as cash by verifying the source of assets, monitoring transaction activity, and identifying high-risk value transfer triggers. The platform offers custody, staking, conversion, and real-time payment functionalities.
Target Audience
VaultLink targets banks seeking to offer digital asset services while maintaining regulatory compliance and security.
Features
- Custody: Cold storage for digital assets like BTC and ETH using military-grade Hardware Security Modules (HSMs) with offline private key management and transaction signing.
- Staking: Enables earning rewards on staked digital assets.
- Conversion: Facilitates the conversion of USD to digital assets within the bank.
- Real-Time Payment: Immediate transfer of value on a digital rail within the bank.
- Proprietary blockchain transaction analysis process to scan and analyze any digital wallet, reducing the source of funds risk and enabling continuous monitoring of wallet associations.
- Role-based access controls limiting user actions, with limits set by both the bank and user/firm.
- Action logging with account and IP address for a full audit trail.
- Web interface with enforced 2FA and SSL encryption, and API connections secured using Websockets Secure.