ZenAxis has invested in Vault1932, Inc., which operates an anonymous premium safe deposit box service. This investment is in response to the growing demand for private storage infrastructure resulting from the reduction in safe deposit box capacity by banks and the expansion of real asset investment. It also highlights the potential for growth in a new type of "safe-as-a-service" market.
Founded in 2020, Vault 1932 offers a private asset storage service that replaces bank vaults, commercializing anonymous vaults. Currently, it operates four directly managed centers in Apgujeong, Gwanghwamun, and Jamsil in Seoul, and Haeundae in Busan. These centers feature UL-Class II certified walls and a three-step biometric authentication system.
A Zenaxis representative said, “Bolt 1932 is a pioneer in privatizing and upgrading the bank-centered safe deposit box market,” and added, “Through this investment, we plan to expand the scope of our investment beyond technology-centered fields to areas converging with living infrastructure and the security industry.”
Yang Seong-yeong, CEO of Bolt 1932, said, “Providing a space where customers can protect their assets on their own is a core value of the company,” and added, “We plan to use this investment as an opportunity to expand our base to major cities, airports, and department stores across the country, and in the long term, we will also pursue expansion into overseas financial cities.”
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