India-based cryptocurrency startup Vauld is raising $ 2 million to expand platform functionality and is expanding into European and US markets.
Pantera Capital is leading the funding cycle. Investors included Coinbase Ventures, LuneX Ventures and individuals.
In March, the Supreme Court of India overturned a 2018 RBI ban on serving cryptocurrency companies. With this solution, startup Vauld was able to significantly expand its user base in the region over the course of.
The company plans to create an over-the-counter (OTC) trading desk for fiat and cryptocurrency transactions. As well as issuing debit and credit cards in several countries. The mission stated by the project is to transfer all banking operations to the blockchain.
Vauld is up 950% since receiving its first investment of $ 500,000 in June, according to the company.
According to road map The startup intends to obtain licenses to operate in Singapore, the United Kingdom and the United States.
As a reminder, in December Paxos raised $ 142 million in investments. The company will direct funds to create new products, including infrastructure solutions.
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