Shingo Lavine, Founder and CEO of Ethos, joins Voyager as Chief Innovation Officer
VANCOUVER, British Columbia–(BUSINESS WIRE)–Voyager Digital (Canada) Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announces the closing of its previously disclosed acquisition of certain assets of Ethos.io PTE LTD (“Ethos”), a leading Universal Wallet & Blockchain Service Provider. 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.
Ethos is a leading cryptocurrency services provider that bridges multiple blockchain protocols and financial institutions and systems. 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.
“Voyager is rapidly adding more functionality to its platform, including the recent addition of crypto deposits and withdrawals,” said Stephen Ehrlich, CEO of Voyager. “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.”
The Universal Wallet is decentralized, with consumers creating and owning their own private SmartKeys that secure personal digital vaults. It is built on Ethos Bedrock, a foundation platform that abstracts and makes blockchains more accessible, secure and compliant for both people and financial institutions. Bedrock bolsters Voyager’s institutional offering, allowing businesses of all types to build blockchain-based applications rooted in custody, payments, investing and more.
In addition to the close of the Ethos transaction, Voyager also announces it has 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. Voyager has granted warrants to Jump entitling Jump to acquire shares of Voyager, over the course of three years, of up to 9.9% of the outstanding shares of Voyager, at a price of C$0.80 per share.
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About Voyager Digital (Canada) Ltd.
Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information and to review the latest Corporate Presentation.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.