Voyager Digital Adds Institutional/Corporate Account Offering

Rhea-AI Summary

Voyager Digital Ltd. (CSE: VYGR, OTCQB: VYGVF) announced on October 8, 2020, the launch of a new institutional offering targeting corporate treasury desks and institutional accounts. This initiative aims to attract clients seeking higher yield for cash reserves compared to traditional banking. With over 250,000 users, Voyager has become the largest crypto asset agency provider in the U.S. The company also settled $110,000 in debt by issuing 195,000 common shares at $C0.75 per share, pending Canadian Securities Exchange approval.

Positive

• Launch of new institutional offering attracting corporate treasury desks and institutional accounts.
• The company reported over 250,000 users, marking significant growth.
• Voyager is now the largest agency provider of crypto assets in the U.S.

Negative

• Debt settlement of $110,000 through equity issuance could dilute existing shareholders.

CSE: VYGR
OTCQB: VYGVF
Borse Frankfurt: UCD2

- Multi-purpose Infrastructure Allows Expansion into Additional Market Segments -

NEW YORK, Oct. 8, 2020 /PRNewswire/ - Voyager Digital  Ltd. ("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced it has added a new institutional offering to the Voyager Platform, expanding its reach to corporate treasury desks and institutional accounts, while also launching an OTC desk to add institutional accounts to the platform. 

Voyager's new institutional offering assists corporate treasury desks in expanding yield for its balance sheet. Lewis Bateman, Head of International and Business Development for Voyager, will oversee Voyager's institutional business.

"We have seen increased appetite from companies looking to take advantage of Voyager's market-leading interest offerings to capture greater returns on their cash reserves, which are typically higher than returns offered through traditional banking relationships," said Mr. Bateman. "The timing was right for Voyager to add this new institutional offering as a way for our company to meet the growing demand from our consumers."

"As we continue to grow our banking, custody and trading relationships, we can leverage these offerings as a way to deliver a best-of-breed trading and investing service to those institutions looking to access the digital asset markets," added Bateman. "Upon joining Voyager, one of my mandates was to help build out the Company's institutional and international offering. With this new offering, we're one step closer to achieving that goal."

"Being a publicly-traded and regulated company in this industry, our platform offers the corporate treasury desks and institutions an unparalleled asset management solution along with the regulatory oversight they require," said Steve Ehrlich, Co-founder and CEO of Voyager. "As we continue to grow our platform, adding institutional-grade capabilities is a logical extension of our business. With the recent additions of Lewis Bateman and Evan Psaropoulos as Chief Financial Officer to our senior team, we are now well-positioned to capitalize on this important client segment as our reach expands both domestically and internationally."

Just recently, Voyager announced its 50th asset and 10th DeFi asset, which makes Voyager the largest agency provider of crypto assets in the United States, with plans to continue to grow its asset base on the platform. The Voyager Platform has surpassed well over 250,000 users since its inception.  The Company is constantly adding new tokens to the platform as it continues to expand its capabilities with a customer-centric focus. To learn more about coin partnership opportunities available on the Voyager platform and the requirements involved, please email:  contact@investvoyager.com.

Additionally, Voyager is expanding its industry leading retail services by adding an OTC Desk for institutional fund managers. To inquire about our OTC Services, please email institutional@investvoyager.com.

The Company also announces that it has settled certain outstanding debts totaling US$110,000 by the issuance of 195,000 common shares of the Company at a deemed average price of C$0.75 per share (the "Debt Settlement"). The Debt Settlement is subject to the acceptance of the Canadian Securities Exchange. All the common shares issued in connection with the Debt Settlement will be subject to resale restrictions expiring four months and a day following the date of issue.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under any U.S. state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States except in transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws.  This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in any jurisdiction where such offer, solicitation or sale is unlawful.

For more information on Voyager Digital, please visit https://www.investvoyager.com. The Voyager App is available for Android and iPhone.

About Voyager Digital Ltd.
Voyager Digital 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.

Cautionary Statement Regarding Forward-Looking Information: The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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SOURCE Voyager Digital (Canada) Ltd.

FAQ

What is Voyager Digital's new institutional offering about?

Voyager Digital's new institutional offering is designed to provide corporate treasury desks with higher yield options for cash reserves compared to traditional banks.

When was Voyager Digital's institutional offering announced?

The institutional offering was announced on October 8, 2020.

What are the key features of Voyager Digital's platform?

Voyager Digital offers a trading platform for crypto assets, an OTC desk for institutional accounts, and has surpassed 250,000 users.

What is the significance of Voyager's debt settlement?

Voyager settled $110,000 in debts by issuing 195,000 common shares at C$0.75 per share, which may dilute existing shareholders.

How does Voyager Digital compare in the crypto market?

Voyager is the largest agency provider of crypto assets in the United States, expanding its platform and user base significantly.