Voyager Digital Partners With Blockdaemon to Provide Secure Node Infrastructure Facilitating More Interest Offerings to Voyager's Customers on Their Digital Assets
NEW YORK, April 29, 2021 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded holding company whose subsidiaries operate a licensed crypto-asset trading and investing brokerage, and Blockdaemon, a leading blockchain node infrastructure platform with enterprise-grade security and monitoring, have partnered to initially integrate validator nodes on Ethereum, Polkadot, and Tezos onto the Voyager platform, with plans to expand the offering to include more of the 30 digital assets that Blockdaemon currently supports including Celo, Terra and Algorand.
"Our integration with Blockdaemon will enable Voyager users to earn interest on a wider scope of coins offered on our platform," said Steve Ehrlich, CEO and Co-founder of Voyager. "Importantly, integrating Blockdaemon's secure node infrastructure into our platform allows Voyager to control its balance sheet more effectively by reducing lending activities and reducing counterparty risk."
The partnership with Blockdaemon is expected to allow Voyager to maintain full custody of staked assets and protect their relevant private keys while potentially earning returns which can exceed those of lending interest rates. The partnership enables Voyager to continue to pay industry-leading returns to its valued customers, generated from reliable, institutional grade infrastructure. With support from Blockdaemon's secure infrastructure and protocol-specific automated and manual failover strategies, Voyager expects to eliminate the risk of double-signing and slashing to protect customers' assets. Tokens will be safely stored in Voyager's insured custody management solution and with its qualified custodian, preventing leakage of any critical information. The partnership will also enable Voyager to add support for more assets supported by Blockdaemon in the future.
"Voyager's well-established brand for providing a trusted source for crypto trading of in-demand assets can be seen through its exponential growth and breadth of offerings," said Konstantin Richter, CEO and Founder of Blockdaemon. "We are delighted to support Voyager in their future success through secure node infrastructure, staking and monitoring services for their growing platform."
Blockdaemon prioritizes risk mitigation and focuses on maximizing yields while integrating with trusted partners to provide a complete solution for its customers. The partnership between Voyager and Blockdaemon not only adds strengthened security, but Voyager customers are also expected to benefit from access to additional interest on digital asset offerings via Voyager's trading platform. These upgrades to the infrastructure and the Voyager platform offerings are key in developing an optimal experience for all Voyager customers.
About Voyager Digital Ltd.
Voyager Digital Ltd. is a publicly traded holding company whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with an app and platform to invest in and trade crypto assets. The Voyager Platform provides its customers with competitive price execution through its smart order router as well as a custody solution 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.
Blockdaemon is the leading blockchain node infrastructure platform, internally ISO 27001 compliant, with enterprise-grade security and backup systems. Supporting 30+ protocols, 70 out-of-the-box node types, and monitoring plug-ins for cloud and on-premises services, Blockdaemon is used by exchanges, custodians, enterprises, financial institutions and 10k+ developers to connect commercial stakeholders to blockchains. Blockdaemon's mission is to simplify the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, BYOI, auto-decentralization and auto-healing of nodes.
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SOURCE Voyager Digital (Canada) Ltd.
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