BullionVault

BullionVault is a P2P platform for buying and selling physical gold & silver bullion, securely, at low cost. As of January 2013, BullionVault held over $2billion worth of client assets. The bullion is kept in approved vaults within the London Good Delivery system. Good delivery bullion bars are produced by London Bullion Market Association [LBMA] approved refiners, have a known history and can be easily re-sold. Most of the world's professional gold dealing happens within the LBMA good delivery rules. BullionVault is a full member of the LBMA. Unlike most gold investment products, BullionVault's clients own their gold directly as property in their own name within the jurisdiction the gold is stored. Clients can chose to store their gold in Zurich, London, New York or Singapore. An internal market allows clients can trade their holdings with each other in units as small as a single gram. Clients can choose to place large orders [800oz] through the London professional markets. BullionVault itself also runs trading bots to ensure liquidity, quoting two-way prices on its exchange 24/7. In June 2010, the gold industry's key market-development body the World Gold Council joined with the internet and technology fund Augmentum Capital, which is backed by the London-listed Rothschild Investment Trust, in making an $18.8 million (GB £12.5m) investment in the business. This makes BullionVault rare as a disruptive start-up that has been willingly embraced by an established industry. Their exchange's technology stack runs almost entirely on open-source components. CTO Kris Jenkins says, "I couldn't imagine trying to build a company like BullionVault using proprietary software. I've seen startups die while they were still negotiating support contracts. Often when they could have picked an open solution so reliable it would never need support." The company was founded by Paul Tustain in 2005 and is based in London with an office in New York.
Company Growth (employees)
Type
Private
HQ
New York, US
Size (employees)
31 (est)-3%
BullionVault is headquartered in New York, US

Key People at BullionVault

Robert Glynne

Robert Glynne

COO
Paul Tustain

Paul Tustain

Director
Justina Prytula

Justina Prytula

Financial Director
Johnny Stewart

Johnny Stewart

Head of Product

BullionVault Office Locations

BullionVault has offices in New York and London
New York, US (HQ)
575 Madison Avenue
London, GB
Landmark House (12th Floor)

BullionVault Data and Metrics

Summary Metrics

Total Funding

$18.2 m

Latest funding size

$18.2 m

Time since last funding

about 7 years

Investors

BullionVault's latest funding round in June 2010 was reported to be $18.2 m. In total, BullionVault has raised $18.2 m

BullionVault Online and Social Media Presence

BullionVault News and Updates

BullionVault Company Life and Culture

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