Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

Rhea-AI Summary

Voyager Digital Ltd. has announced a strategic partnership with Alameda Research, securing a $75 million investment to enhance execution and asset management in the rapidly evolving cryptocurrency market. This collaboration will leverage Alameda's extensive trading capabilities, which encompass over $5 billion in daily transactions across major coins and altcoins. Voyager aims to explore synergistic opportunities, including NFTs and crypto derivatives. The partnership positions Voyager for future growth amidst increasing competition in the retail crypto sector.

Positive

• Secured a $75 million investment from Alameda Research.
• Partnership enhances Voyager's execution and asset management capabilities.
• Access to Alameda's $5 billion daily trading volume across multiple products.

Negative

• The partnership's success depends on the fulfillment of regulatory and stock exchange approvals.

TSX: VOYG
OTCQX: VYGVF
Borse Frankfurt: UCD2

Strategic partnership will focus on execution, asset management, and broader crypto initiatives

NEW YORK, Oct. 28, 2021 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced a $75 million investment from Alameda Research ("Alameda").

"We are excited to enter into a strategic alliance with Alameda, a clear pioneer in the crypto industry," said Steve Ehrlich, CEO and Co-founder of Voyager. "Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. While the immediate opportunity is on the order flow and asset management front, we are tremendously excited about potential future synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well as the creation of thought leadership as we work with lawmakers on shaping regulation."

"We are thrilled to be partnering with Voyager as they have emerged as a key player in the retail crypto market," commented Caroline Ellison, Co-CEO of Alameda. "As a public company, we have admired Voyager's transparency in the industry and believe the management team has laid the groundwork to succeed at scale as evidenced by their explosive growth this past year. Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses."

Alameda Research trades over $5 billion per day across thousands of products including all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets. Alameda's market making abilities and sophisticated market neutral algorithms are a perfect fit to be a core lending partner of Voyager and will allow Voyager to further expand the breadth of its rewards program.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein. The Transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. The Company can give no assurances the partnership will advance beyond this original investment. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Press Contacts:

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/voyager-digital-secures-75-million-strategic-investment-from-alameda-research-301410897.html

SOURCE Voyager Digital (Canada) Ltd.

FAQ

What is the significance of Voyager's $75 million investment from Alameda Research on VYGVF stock?

The $75 million investment is expected to enhance Voyager's execution and asset management capabilities, potentially boosting its market position.

How will the strategic partnership with Alameda Research affect Voyager Digital's future?

The partnership aims to explore opportunities in asset management, NFTs, and crypto derivatives, positioning Voyager for growth.

What are Alameda Research's daily trading volumes and its impact on Voyager Digital?

Alameda Research has a daily trading volume exceeding $5 billion, which enhances Voyager's trading capabilities and market presence.

What regulatory approvals are needed for Voyager's partnership with Alameda Research?

The partnership is subject to customary closing conditions, including regulatory and stock exchange approvals.