vaultbank-ICO-300x159.png

Crypto-asset based banking service Vaultbank launches token presale today

Vaultbank, a new cryptocurrency bank and exchange startup will tomorrow be launching its presale, before the main ICO date on December 5th. Vaultbank merges Wall Street financial portfolio expertise with machine learning (ML), artificial intelligence (AI), and cryptocurrencies with financial services. Vaultbank utilizes its own proprietary technology of ML and AI to successfully develop asset-backed credit portfolios built with strategic partner Random Forest Capital, benefiting from a credit warehouse providing leveraged returns for investors.

Vaultbank aims to be a full-service bank option for everything crypto-related. Vaultbank’s Debit Card, offered in partnership with Volopa, allows cryptocurrency investors to use their holdings as tender at all point of sale terminals. Vaultbank’s debit card also provides the ability to facilitate fiat exchanges with 17 currencies.

Members of the Vaultbank team have managed portfolios worth billions of dollars, while others have engineered some of the world’s first cryptocurrencies. The team is led on the technology side by Austin Trombley, acting as Chief Technology Officer. Austin Trombley, MBA, is an avid Data Engineer and Data Scientist, with a decade of consulting and leadership experience at seven Fortune 500 companies. He recently ran the data strategy at Prosper, which upended banks from credit, and co-founded a Quantitative Credit Hedge Fund, Random Forest Capital.

Stuart Shelly, Chief Operating Officer of Vaultbank has thirty years of finance and banking experience, with expertise in large institutions (KPMG, Bank of America, BMO, GE) and entrepreneurial situations. As head of Transitional Capital Management, he serves as a Merchant Bank to identify, structure, and financial investment opportunities in specialty finance. His specialties include debt, equity, and structured finance products.

“We offer a suite of financial services to the crypto world: usability, low fees, reduced volatility, and quarterly dividends with the Vaultbank token. The internet of things is changing finance; we believe that our technology, exchange platform, and machine learning can benefit both cryptocurrencies and the financial industry.”

Christopher Cummock, Managing Director

The partnership of Vaultbank with Orderbook represents the crossover of top financial and technical talents. Orderbook by Ambisafe will provide the technology to ensure smooth execution of the project and the lowest cost most advanced crypto-trading available today.

“Andriy Zamovskiy is the former chief architect of Tether. Think about this token as Tether backed by secured credit assets which pays a dividend and continues to reinvest in the assets backing the token. The current market cap of Tether is 405 MM, and we are willing to bet that these same token holders would prefer asset-backed token with a dividend.”

Austin Trombley, Vaultbank CEO

Vaultbank made a welcome announcement today before the start of the token presale by boosting its Board of Directors with three new additions. The Board of Directors team is now stronger than ever with this additional blockchain, payment processing and high-level asset acquisition and management expertise. Vaultbank has introduced CJ MacDonald, Founder of Blockchain company Gyft (acquired by First Data); Ken Kroner, former CIO at BlackRock, and Keri Findley, Former Partner and Chief Credit Officer at Third Point to its board.

Vaultbank is a cryptocurrency based financial institution, providing foreign exchange capability with crypto trading terminal Orderbook, an ER20 decentralized crypto exchange, debit card usability, and offers tokens backed by secured credit assets with quarterly Ether dividends. Vaultbank’s user platform, Orderbook, enables seamless and advanced exchange capabilities; its debit cards offer use of tokens worldwide with leading foreign exchange transaction rates. The Vaultbank token is collateralized by a portfolio of secured credit assets, which are insured to deliver robust returns translating into stability and income for investors.

For more information see the company website and white paper.


Source: CryptoNinjas.net

Check Also

Webp.net-resizeimage-1-1068x1068.png

Bitcoin Conversation Volume Beats Talk of Facebook, Apple, Netflix, Google

Markets and Prices While eggs must always first give way to chickens, ...