HINWIL, Switzerland: Alfa Romeo has become the first Formula 1 team to partner with a cryptocurrency platform, teaming up with Singapore-based trading and lending exchange Vauld.
Vauld’s platform serves users in over 50 countries.
As part of the partnership brokered by Project 11, Vauld branding will be displayed in a prominent position on the front wing of the team’s C42 cars, driven by Valtteri Bottas and Zhou Guanyu, as well as on other team assets.
Frédéric Vasseur, team principal Alfa Romeo F1 Team ORLEN, said: “The world of cryptocurrencies and the blockchain technologies are huge markets with a technical complexity that makes them particularly interesting. By partnering with Vauld, we team up with one of the most accessible, secure and advanced trading platforms out there, enhancing our presence in this new and growing sector.”
Darshan Bathija, CEO and co-founder, Vauld, said: “Our mission is to accelerate the transition to decentralised money and we’re glad to join forces (with Alfa Romeo F1) because it’s a massive step in that direction.”
