Greenaway Scott advises bitcoin gold exchange company Vaultoro on its 7 figure investment from FinLab AG
Greenaway Scott recently advised Vaultoro, the first and longest running bitcoin / allocated gold exchange company on it’s seven figure investment from German based fintech investor FinLab AG.
Vaultoro is an asset based security solution that enables people to not only secure Tangible assets like gold and silver bars but also digital assets like Bitcoin, Ethereum, Dash and IOTA. The company enables the main stream to be able to move away from holding pure paper like Euros or Pounds and into tangible fully insured, audited and allocated assets like gold (and soon silver). Vaultoro clients are able to save in allocated gold, secured in a top-tier high security Swiss bullion vault and spend it down to the cent anywhere that Visa or MasterCard are accepted.
Vaultoro is the first company of this type in the world to offer its clients a real-time debit card and internet banking functionality using gold without the need of a bank. All gold is allocated in the users name as their legal property not on Vaultoro’s balance sheets, so if anything happened to Vaultoro not even liquidators could touch their clients’ assets.
With the investment from a serious fintech focused VC like FinLab, Vaultoro can materialize their vision of further expanding its bitcoin / gold platform into a multi-asset platform a lot faster. Vaultoro’s first upgrade will be a way for anyone to save in allocated gold and spend that gold using the world’s first real-time gold backed debit card.
Matthew Sutton led the transaction on behalf of the company. The investment is another substantial cross border transaction to be completed by multi award winning law firm Greenaway Scott this year.
Joshua Scigala, Co-Founder of Vaultoro commented
“The investment from FinLab AG into Vaultoro will enable us to scale fast. Our mission is to enable as many people as possible to secure their savings in assets away from the banking system before another major currency crisis.”
Matthew Sutton, Corporate Director at Greenaway Scott commented
‘We are delighted to have worked with Vaultoro on this transaction. It’s been great to be a part of the growth of such an innovative company and we are very excited to work alongside Philip and Joshua as they continue with their global expansion plans..”