Heliad AG
FinLab AG: Vaultoro presents a revamped interface and will soon be releasing a Lightning based tokenized gold
DGAP-News: FinLab AG
/ Key word(s): Miscellaneous
More than 20.000 investors have traded over $95 million worth of physical gold on the platform. Gold holdings are insured by Helvetia, audited by BDO International, stored by Brink’s Switzerland and ProAurum Switzerland. Vaultoro is working to launch a gold-backed coin (“VGOLD”) by the end of the year, based on the Lightning Network token protocol RGB. VGold aims to provide a secure system to transact with physical bullion, and is backed with a minimum of 100% physically allocated investment-grade bullion. The stable-coin asset class has become a key part of the crypto ecosystem, and has an estimated value of $2.8 billion. Unlike other so-called “stable coins”, VGold will be the first in the market to be insured and audited. With this revamped new version, other trading pairs of cryptocurrencies and precious metals will soon be available. Starting today, the Dash / Gold pair will be debuting on Vaultoro. Vaultoro is already backed by startup VCs Techstars and Finlab AG, and has now started an equity fundraising campaign on BnkToTheFuture.com to help push VGold into the market. “Our community is everything to us. We would like to give them the rare opportunity of owning actual stock of our company, so they can help us shape our products and vision while harvesting some of the benefits” said Joshua Scigala.
01.10.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | FinLab AG |
Grüneburgweg 18 | |
60322 Frankfurt/Main | |
Germany | |
Phone: | +49 (0)69 719 12 80 – 0 |
Fax: | +49 (0)69 719 12 80 – 011 |
E-mail: | investore-relations@finlab.de |
Internet: | www.finlab.de |
ISIN: | DE0001218063 |
WKN: | 121806 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 883149 |
End of News | DGAP News Service |