Canada's VersaBank said its subsidiary VersaVault has successfully completed beta testing for a Blockchain-Powered digital safety deposit box for storing cryptocurrencies.
VersaVault has also initiated commercialization stage of its safety deposit box for cryptocurrency exchanges and crypto investment funds.
VersaVault, which is said to be the world's first digital bank vault, had announced about its new tool in February. It provides cryptocurrency storage on servers throughout the world.
In a statement, the company said the first phase of the roll-out will be to provide digital safe keeping as well as multi signature services for crypto exchanges and crypto based investment funds.
The beta testing, conducted with initial target client base, focused on ensuring VersaVault's design would meet the specific requirements of its clients.