Versabank launches crypto vault storage service

posted about 1 month ago
VersaBank’s subsidiary, VersaVault, has successfully completed beta testing for its digital safety deposit box and is initiating commercialization of its services. The first phase of the rollout will be to provide digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto based investment funds.

The beta testing verifies VersaVault meets the specific requirements of cryptocurrency exchanges, and crypto funds. "VersaVault does not have the ability to "drill" into a client’s digital safety deposit box, nor does it have the ability to look inside, only the client has the capability to access their digital valuables and only they know of their contents inside" according to David Taylor, President and CEO of VersaBank & VersaVault, who went on to say: “While many are considering ideas and plans for a digital safety deposit box, we have designed and built it, and are now commercializing a first of its kind service...”
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