Funding
Vault12 Raises $17.45 Million in Token Sale
Vault12, a crypto wallet backup firm backed by Winklevoss Capital and Naval Ravikant, raised $17.45 million through a token sale in 2018. The Vault Guardian Token (VGT) has never traded on a centralized exchange despite meeting or abandoning all commitments in its white paper. The company raised concerns about the U.S. Securities and Exchange Commission's proposed safe harbor framework, which could prevent exchanges from listing the token due to regulatory risk.