Vauld

Founded in 2018 by Darshan Bathija and Sanju Sony Kurian, Vauld aimed to be a comprehensive crypto banking platform. Its primary services included allowing customers to earn high-interest yields on their crypto deposits, borrow against their holdings, and trade a variety of digital assets. The company suspended all withdrawals, trading, and deposits on its platform in July 2022, citing volatile market conditions and financial difficulties with key business partners. It subsequently filed for a moratorium in Singapore to protect itself from creditor claims while it develops a restructuring plan.