Alameda Research Pumps $75M Funding Into Voyager Digital

The two will work together to tap opportunities in non-fungible tokens and crypto derivatives.

Oct 28, 2021 at 2:45 p.m. UTC
Updated Oct 29, 2021 at 1:28 p.m. UTC

Tanzeel Akhtar is a reporter based in London,UK.

Cryptocurrency broker Voyager Digital has received a $75 million investment from trading firm Alameda Research.

  • The investment will be used for growth, Voyager Digital (TSX: VOYG) said Thursday. Shares of the company soared 39% in Toronto.
  • Voyager Digital and Alameda plan to tap into opportunities in non-fungible tokens (NFT) and crypto derivatives as well as work together with lawmakers on shaping regulation.
  • “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” said Caroline Ellison, the co-CEO of Alameda.
  • Alameda Research was launched by crypto billionaire Sam Bankman-Fried who announced Oct. 12 he was taking a step back to make room for co-CEOs Ellison and Sam Trabucco.
  • Currently, Alameda Research trades over $5 billion a day across thousands of products including cryptocurrencies, altcoins and their derivatives.
  • Voyager Digital will issue some 7.7 million shares to Alameda, giving it a stake of more than 4%.

UPDATE (OCT. 29, 13:27 UTC): Updates with closing share move in first bullet, adds Alameda stake in final bullet.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.

Trending

1
CoinDesk - Unknown
Sequoia's Guide to Surviving the 2022 Bear Market

Venture capitalists have gotten increasingly frantic over the last few months.

Venture capitalists have gotten increasingly frantic over the last few months.

CoinDesk - Unknown
2
CoinDesk - Unknown
NFT Art Museums Are a Good Idea

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

CoinDesk - Unknown
3
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
4
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown