VaultLink
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.
- Blockchain & Cryptocurrency
- Financial Technology
- Software Only
Funding
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.