In the Media

VersaBank Introduces New 'Digital Safety Deposit Box' For Cryptoasset Exchanges


VersaBank, a Canadian chartered bank, has announced that its subsidiary, VersaVault, the developer of the “world’s first digital bank vault” for cryptoasset exchanges, will be introducing a “digital” safety deposit box.

VersaVault's safety deposit box is being released after “successfully completing” its beta testing phase. According to VersaBank, the new safekeeping solution will allow users to protect their digital assets by using the company’s multi signature services for exchanges and crypto funds.

As explained by VersaBank, the digital safety box ensures “absolute” user privacy because 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.”

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