Vault is part of the Choise.com group. Over the past six years, more than $60M has been invested in the infrastructure of Choise.com. Building on this robust infrastructure, Vault is now crafting the leading cryptobanking white label B2B2C product.
Choise.com 2023: new market realities need new business approaches
It can be argued that no business can survive on transactional income alone when there are such wild swings, and so regularly, as we see between a crypto winter and summer. We needed a steady income stream from sectors that are not so influenced by market cycles and we believe we have hit gold with our White Label B2B solutions, to which we have recently given the name ‘Vault’, as well as supporting the needs of HNW individuals, institutional Investors and Family officers. In particular, we have already:
- brought on one of the best sales teams in the market, headed by Randy Song, former Head of HNW & Institutional Sales at ABRA;
- launched a range of new services for institutional clients such as crypto interest accounts and loans where the demand remains high (no institution likes to have idle assets on their balance sheet);
- introduced Vault and thus enhanced our B2B White Label offering to such an extent that we can not only support our partners for all their crypto banking needs, including own branded cards, bank accounts, own tokens etc., but do this in weeks not months, at a fraction of the cost it would take our partners to do it themselves.
Of course, leveraging our competencies to B2B has become possible only thanks to the experience we have gained over the six years developing B2C services. And we have spent more than $60M on the development.
The market is big with every fintech company to be a crypto company in the nearest future
Over the past 5 years, banking has undergone fragmentation and specialization with neo-banks gaining market share. Brand and services are now more important than a high street presence.
Over the next 5 years, crypto adoption will increase by such a rate that any fintech provider will by necessity become a crypto services provider.
Companies understand that cryptobanking is expensive and complex if you do it on your own. Vault’s white label solution alleviate most of legal and tech challenges, saving businesses time and money, and allowing to focus on growth and turning a profit.
“We've used the last 12+ months to really diversify. Retail isn't going to be delivering the types of returns that we were hoping for because the value of crypto has fallen, and people don't use it as much, and transactional revenue in retail falls during the winter season. But in the B2B space, it's very different because people are planning much longer term. They also understand that there's a cyclical nature, and it takes time. So the right time to build is actually in the downturn.”
Austin Kimm, Director of Strategy & Investments at Choise.com
Vault. Fresh Name, Proven Expertise
Vault is a cryptobanking white label and API solution that helps B2B2C businesses effortlessly launch their crypto and core banking operations.
Vault white label allows companies to jumpstart their own crypto bank and incorporate both crypto and fiat functionalities in less that a month instead of several years, decreasing the overall costs from millions of dollars to merely tens of thousands. Just the appropriate crypto-fiat licenses alone take up to six months to obtain and cost a great deal. Vault allows businesses to implement FinTech and banking solutions almost right away.
Vault provides cutting-edge, reliable, and cost-effective cryptobanking infrastructure:
- Onramp and offramp
- Branded crypto cards
- Crypto exchange
- IBAN accounts
- Digital wallets
- Crypto loans
- Free wire transfers
- Interest accounts
- AML&KYC
- Fiat currency banking, and more
Vault’s potential customers include organizations and entrepreneurs who need to establish their own digital bank, develop an electronic wallet, or integrate financial crypto solutions into their existing products.
Vault can turn any company into a crypto company and provide any crypto company with fiat payment solutions either inside existing products, or even via a dedicated app.
Through Vault’s comprehensive suite of tools, businesses can effortlessly incorporate crypto functionalities, such as secure payment systems or fiat on-ramps, and core banking into their current infrastructure. Alternatively, we assist in building a specialized crypto service – a crypto exchange, a digital wallet, or a dApp. This approach allows platforms to fully immerse themselves in the crypto market and capitalize on the growing opportunities presented by the digital economy.