Zug, Switzerland, November 11th, 2024, Chainwire
Proven-at-Scale Technology Enhances Security, Privacy, Compliance, and Incentives for Global Digital Finance
Virtual Assets Lab, AG (VAL.com) is pleased to announce the launch of its next-generation stablecoin management and wallet platform. Designed to advance digital finance, this platform offers secure, compliant, and customizable solutions for users, blockchain networks, exchanges, institutions, and governments.
Virtual Assets Lab’s technology has already been proven at scale, with over $100 billion in managed transactions and over one million mobile app installations across 180+ countries, achieving an average rating of 4.5+.
Introducing “1Currencies”
Launching symbolically on 11/11, Virtual Assets Lab (VAL.com) is excited to debut our flagship stablecoin line, “1Currencies” – a comprehensive suite of G10 currencies beginning with 1USD. With over 99% of stablecoin transactions in USD, 1USD ensures compliance and security while offering cutting-edge features and attractive economics.
“Our vision with 1Currencies is to bring compliance, security, transparency, and shared economics to stablecoins, starting with the world’s most widely used currency,” said Bill Wolf, Co-Founder of Virtual Assets Lab and former Managing Director at Goldman Sachs, HSBC, and Credit Suisse. “1USD is just the beginning – each currency in the 1Currencies suite will empower users with better economics and seamless interoperability across the financial landscape.”
1USD is coming to centralized exchanges globally in 2025
Introducing “VAL Mobile App”
With the new VAL app, users gain a streamlined way to create and manage wallets, access stablecoins, and establish self-sovereign IDs (SSIs) backed by verified credentials, enhancing security and privacy. The app supports interaction with decentralized applications (dApps) and exclusive marketplace offerings and provides free hack monitoring for user assurance. Designed to bring Web3 capabilities to everyday users, the VAL app promotes greater control and confidence in digital finance.
Virtual Assets Lab’s Key Benefits
Proven-at-Scale
Virtual Assets Lab’s stablecoin management system has successfully handled over $100 billion in transactions. VAL’s mobile app has achieved over one million installs from users in more than 180 countries, with an average rating of 4.5+.
Flexible Pricing with Shared Economics
Virtual Assets Lab offers flexible pricing models, lower startup costs, and yield-sharing options, making VAL an ideal partner for Layer 1 blockchain networks and exchanges seeking cost-effective stablecoin solutions.
Support for G10 Currencies
Virtual Assets Lab’s platform supports multiple fiat currencies, including USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, SEK, and NOK, facilitating global adoption and accessibility.
Chain-Agnostic and Exchange-Neutral Design
Virtual Assets Lab’s stablecoins are compatible with various blockchain networks and exchanges, providing flexibility and promoting financial inclusion.
Highly Customizable & Easy to Integrate
Virtual Assets Lab’s cutting-edge platform is highly customizable, easy to integrate, and offers robust support services, enabling more efficient onboarding and ongoing management.
Virtual Assets Lab’s Trust Layer
Compliant & Licensed
Virtual Assets Lab is licensed and registered across various jurisdictions, including VQF (Switzerland ), EMI* (Europe ), VASP (Europe), and AUSTRAC (Australia).
Secure and Privacy-first
Virtual Assets Lab’s stablecoin platform is partnered with trusted custodians and utilizes secure back-end cross-chain transferability and high security. Its mobile app wallet technology is SOC II compliant and leverages self-sovereign identity (SSI) and reusable, verified credentials (VCs) for added protection and privacy.
Transparent
Virtual Assets Lab offers full transparency by publishing third-party, real-time attestations, legally attesting to the balances backing “1USD” cross-referenced against “1USD” balances on the chain.
About Virtual Assets Lab (VAL.com)
Virtual Assets Lab (VAL.com) is a digital finance infrastructure provider specializing in stablecoin management and wallet solutions. With a team of seasoned professionals experienced in web3 and crypto projects, leading consumer and enterprise technology, finance, and compliance, VAL is dedicated to supporting the global transition to digital finance.
Virtual Assets Lab Team / hello@val.com
Co-Founder
Bill Wolf
Virtual Assets Lab (VAL.com)
bill@val.com