Vaultbank, a US-based financial services company, has opened a new office in India in a bid to accelerate features and offerings of the Vaultbank Platform.
Based on blockchain technology, the Vaultbank Platform will enable users to develop, issue and trade utility tokens, asset-backed tokens security tokens, and other financial instruments.
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Additionally, the platform – which is currently under beta mode – will support exchanges between digital assets and more than 120 fiat currencies.
In order to secure necessary licenses to comply with strict KYC/AML, FATCA, Vaultbank has been working with regulatory agencies and other governmental bodies.
Austin Trombley, founder of Vaultbank and vice president of financial innovation for Franklin Templeton, said: “With over 120 fiat currencies, we can truly support a global customer base.
“Our payment and banking relationships link our platform and e-wallets to the traditional banking space and fiat conversion, allowing customers around the world to transact with each other, facilitating the payment of merchants with digital assets.”
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By GlobalDataVaultbank has launched an engineering office in Bengaluru and recruited blockchain, iOS, Android, security, development operations and full stack development engineers.
Confirming the development, Vaultbank vice president of engineering Atul Patil stated: “Our expanded team will support the complex needs of our business and rigorously test and improve our products as we go to market.”
The company is planning to launch its Vaultbank Platform in the third quarter of 2018.
