PRE ICO Dates : 13/12/17 – 13/01/18
Vaultbank is a global investment firm, committed to sound financial investment and technological advancement.
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Vaultbanc Ltd. (hereafter “Vaultbanc”), intends to bring together financial industry expertise, machine learning talent, and revolutionary blockchain technology. Vaultbanc is disrupting two divergent worlds: (i) Cryptocurrency, and (ii) Financial services.
Vaultbank.io will be a cryptocurrency-based investment platform with a cryptocurrency trading terminal, debit card capabilities, and offering tokens backed by secured credit assets. Vaultbank Tokens will enable industry leading foreign exchange rates and asset management with a portfolio of secured credit assets, insured, and robust returns translating into increased stability for investors.
Vaultbank Tokens will disrupt two completely divergent spheres: cryptocurrency and financial services. Vaultbank Tokens stand to revolutionize banking with cryptocurrencies by tackling the five hurdles of the securities distribution market:
(i) Lack of ability to use a token as a fungible form of payment;
(ii) Slow liquidity – it can take as long as a week to execute a token transaction;
(iii) High transaction costs – entry and execution costs can be as high as five percent (5%) to seven percent (7%);
(iv) Volatility – cryptocurrencies have exhibited twenty percent (20%) to fifty percent (50%) swings in valuation within days, primarily because they have no underlying collateral supporting their values and are most commonly invested in by speculators; and
(v) Lack of Transparency/Integrity – most cryptocurrencies have no audit, compliance or oversight regime. Vaultbanc intends to provide annual audits to investors along with traditional quarterly reporting.
Vaultbanc plans to disrupt financial services by:
(i) Bringing Hedge Fund investments to the masses – typical hedge funds are only available to large institutions;
(ii) Creating liquidity for high yield investors – typical hedge funds have three (3) to twelve (12) year lock ups, meaning the investor cannot sell their stake until the termination of the fund, while Vaultbanc, using blockchain technology with its token, will provide immediate and efficient liquidity, enabling investors to enter and exit the fund at will, subject to transfer restrictions as set out in the offering memorandum (“Offering Memorandum”) and applicable law; and
(iii) Providing enhanced yield to investors1 – banks are only providing investors meager yields of less than one percent (1%) per annum.
Vaultbank Tokens are digital tokens that will be issued by Vaultbanc to the investor(s) and represent beneficial ownership interests in a separate class of non-voting equity shares in Vaultbanc Ltd. Legal title of the tokens will be held in trust by Watiga Trust Pte. Ltd. (“Watiga Trust” or the “Nominee”) for the token holders, and token holders will hold a beneficial interest in Vaultbanc Ltd. The Nominee is independent of and not involved in the management or operation of the Fund or Fund Manager described below.