VersaBank is a digital only Canadian bank and has created a cryptocurrency vault similar to a safety deposit box; the bank shared that it has signed two memorandums of understanding with a cryptocurrency exchange and a crypto fund; the new vault called VersaVault is expected to roll out in June. Source
VersaBank is a small Ontario-based bank and is planning to have digital vaults available by June to customers around the globe; the bank hired a cybersecurity expert to lead “VersaVault”; digital assets will be stored on servers all over the world; the bank won’t know what is inside and won’t be able to access the contents. Source