Voyager Digital Ltd. (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announced on Wednesday it has completed its acquisition of cryptocurrency services provider Ethos. Voyager reported that the acquisition was completed for a purchase price of 7,250,000 shares of VYGR. Shingo Lavine, Founder and CEO of Ethos, will also join Voyager as Chief Innovation Officer, in addition to his current role as a member of the Company’s Board of Directors.
“The assets acquired from Ethos include the Ethos Universal Wallet and Ethos Bedrock, an enterprise blockchain application. The Ethos Universal Wallet enables anybody to simply and securely store, track, send and receive their crypto assets for free. It gives Voyager customers the ability to self-custody all their crypto assets and seamlessly transfer coins, all within the Voyager mobile app.”
Speaking about the acquisition, Stephen Ehrlich, CEO of Voyager, stated:
“Voyager is rapidly adding more functionality to its platform, including the recent addition of crypto deposits and withdrawals. Closing the transaction with Ethos is another major achievement that allows us to incorporate the Ethos Bedrock infrastructure into our expanding blockchain capabilities and best-in-class cryptocurrency experience.”
Voyager added it has also entered into a strategic relationship (liquidity provision, settlement capabilities, coin breadth, and product assistance) with the Jump Trading Group (“Jump”), a leading proprietary trading firm.