Canadian bank VersaBank announced on Thursday that its digital safety deposit box is ready for use by cryptocurrency firms.
The VersaVault project is “initiating commercialization of its services” after successfully completing beta testing, a press release reports. The custody solution can be used to “securely” store cryptocurrency assets, while the bank says it will also provide multi-signature services for digital currency investment funds and exchanges.
According to VersaBank’s Director of Investor Relations Wade MacBain, VersaVault has already prompted over 200 inquiries.
MacBain has emphasized that alongside top security, clients can also ”enjoy absolute privacy”, with the bank unable to access or view funds in a clients account; the account holder is the only entity capable of accessing or knowing what is inside their digital storage facility.