# Germany blocks Chinese stake in two chipmakers over security concerns
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-04-14
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German Government Blocks Chinese Investment in
Meta Description: Berlin halts takeover of Elmos chip factory by a Chinese subsidiary, citing national security concerns and technological risks. Relations between Berlin and
URL: https://financedigest.com/vaultbank-raises-3-million-launches-vaultbank-fundhtml

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**_Vaultbank Fund to provide main asset-backing of each VB token, firm partnering with Gordian Compliance Solutions to secure ATS and NFA registrations_**

[Vaultbank](https://socialradius-dot-yamm-track.appspot.com/Redirect?ukey=108Y8zMkMEB9gurgmY2PL8hZsTY7_OnDnRA4vFUau3F8-759295419&key=YAMMID-58049790&link=https%3A%2F%2Fvaultbank.io%2F) ( [www.vaultbank.io](https://socialradius-dot-yamm-track.appspot.com/Redirect?ukey=108Y8zMkMEB9gurgmY2PL8hZsTY7_OnDnRA4vFUau3F8-759295419&key=YAMMID-58049790&link=http%3A%2F%2Fwww.vaultbank.io)), the cryptocurrency exchange platform for buying, selling, and trading asset-backed tokens, today announced it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers. The company also announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and intends to pay quarterly dividends in Ethereum (ETH). Of the $3 million raised in the VB token sale, $1.3 million has been allocated to the Vaultbank Fund, providing the main yields to be used for potential dividends which are [expected to be distributed at the end](https://www.financedigest.com/citi-expects-global-equities-to-rally-18-by-end-2023.html "Citi expects global equities to rally 18% by end-2023") of Q2, 2018.

“At Vaultbank, we’re building a suite of financial services to support the evolution of [cryptocurrency trading](https://www.financedigest.com/why-cryptocurrency-trading-will-surpass-forex-trading-in-2023.html "Why Cryptocurrency trading will surpass Forex Trading in 2023") and investing, and the Vaultbank Fund is a major feature of this effort,” said Christopher Cummock, Co-Founder and Chief Compliance Officer. “We are pleased by the support from our backers in the VB token sale, and look forward to continuing to [build out our platform and fund](https://www.financedigest.com/where-can-you-start-building-your-emergency-funds.html "Where Can You Start Building Your Emergency Funds?") offerings.”

Vaultbank is a global investment firm that provides a comprehensive suite of financial solutions including a secured asset fund, its proprietary Vaultbank Exchange, and traditional investments securities that include Mutual Funds and [Hedge](https://www.financedigest.com/what-is-a-hedge-fund.html "What Is A Hedge Fund") Funds.  The Vaultbank Exchange will offer a fully securities-compliant platform supporting KYC, AML, FATCA, and Accreditation.

Vaultbank has also partnered with [Gordian Compliance](https://socialradius-dot-yamm-track.appspot.com/Redirect?ukey=108Y8zMkMEB9gurgmY2PL8hZsTY7_OnDnRA4vFUau3F8-759295419&key=YAMMID-58049790&link=http%3A%2F%2Fgordiancompliance.com) Solutions, LLC, a compliance consulting firm, headquartered in San Francisco, CA. Vaultbank and Gordian [Compliance Solutions](https://www.financedigest.com/compliance-and-traceability-solution-market-growth-future-prospects-and-competitive-analysis-2015-to-2025.html "Compliance and Traceability Solution Market Growth, Future Prospects And Competitive Analysis 2015 to 2025") are in the process of registering with the SEC as an Alternative Trading System (ATS) and with FINRA as a registered broker-dealer for the issuance of security tokens and the trading of security and utility tokens on the Vaultbank Exchange.

Built on the Stellar platform, Vaultbank Exchange offers lightning-fast transaction [times at a fraction of the cost](https://www.financedigest.com/netflixs-gaming-foray-will-cost-time-and-money-wall-st.html "Netflix’s gaming foray will cost time and money – Wall St") of other exchanges. While many exchanges have come under scrutiny for providing insufficient security protocols, Vaultbank has been engineered to provide [enhanced security](https://www.financedigest.com/open-banking-as-a-means-to-enhance-social-commerce-security.html "Open banking as a means to enhance social commerce security") via compulsory triple-factor authentication. Vaultbank further mitigates [security risks inherent in other centralised exchanges by providing traders total control over their private keys](https://www.financedigest.com/embedded-security-for-internet-of-things-market-2021-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2027.html "Embedded Security For Internet Of Things Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027").

Vaultbank board of directors includes [former BlackRock CIO Ken Kroner, former Third Point Capital partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, Gyft co-founder CJ MacDonald, and former Bank](https://www.financedigest.com/metro-bank-former-top-bosses-fined-over-reporting-error.html "Metro Bank, former top bosses fined over reporting error") of America Managing Director Mike Gay.


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