Blockchain
Voyager To Acquire Circle Invest Retail Digital Asset Business From Circle Internet Financial
Voyager Digital Canada, Ltd. (“Voyager” or the “Company”) (CSE:VYGR; OTCQB:VYGVF; FRA:UCD2), operator of U.S. digital asset broker Voyager and the Ethos Universal Wallet, today announced it has entered into a definitive agreement to acquire Circle Invest, the retail digital asset business from Circle Internet Financial, Inc. This transaction adds more than 40,000 retail accounts to Voyager’s customer base, making it one of the largest digital-asset-only agency brokers in the U.S., servicing over 200,000 global users across its platforms. The majority of Circle Invest customers are expected to be converted to the Voyager Platform by the end of March of this year.
“This product line acquisition signifies a tremendous development for Voyager as we welcome a substantial number of new users to our platform,” said Stephen Ehrlich, Co-Founder and CEO of Voyager. “This transaction also helps us deliver on our promise to investors, providing regulated brokerage services and resources to as many users as possible in the digital asset marketplace. Going forward, we remain committed to building best-in-class features for the Voyager Platform to empower investors and bring into the mainstream the most revolutionary asset class to date.”
The acquisition gives Circle Invest customers access to expanded digital assets and new robust investment and trading features from the Voyager suite of products and services. Additionally, Voyager will be integrating features of Circle’s new stablecoin platform service into the Voyager Platform.
Circle Invest’s retail customers will now also have access to Voyager’s unique brokerage services, which include commission-free trading of more than 30 crypto assets, lock-up free interest yield on popular coins, digital transfers, secure omnibus custody wallets and portfolio management tools such as limit orders, news and alerts. Circle Invest’s popular “collections” feature, which allows customers to buy baskets of assets grouped by their attributes and weighted according to their market capitalization, will now be integrated into the Voyager Platform. With this feature, investors utilizing Voyager can gain exposure to the best-performing asset class of the last decade, while maintaining a diversified digital portfolio.
“We’re very happy to be able to provide Circle Invest customers with a broader depth of retail investment features through the transaction with Voyager,” said Rachel Mayer, Director of Product Management at Circle. “This transition comes at a time when Circle is launching new platform services and products for businesses around the world to help them bring the benefits of stablecoins into their products and grow global commerce in new and innovative ways.”
As part of the transaction, Circle and Voyager will partner on strategic business initiatives, such as delivering fast, global, low-cost payments to the combined Voyager customer base. In addition, Voyager will leverage Circle’s USDC and platform products to solidify its treasury management infrastructure and expand internationally.
“Through this partnership, we can each maintain focus on our core missions and better execute on our shared vision of bringing blockchain technology and crypto assets to the masses,” added Mr. Ehrlich. “We look forward to integrating all of the Circle stablecoin platform services into our service offerings to better serve our customers.”
As consideration for the transaction, Voyager will issue common shares to Circle representing an approximate 4% ownership stake in the Company, post-closing, and reimbursement of certain costs incurred by Circle.
SOURCE Voyager Digital
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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