Genesis Acquires Institutional Custodian Vo1t
- The trading firm is now able to launch digital asset prime brokerage
New York-based institutional trading firm Genesis today announced its acquisition of Vo1t, an insured digital custody service.
Genesis said that the new addition will supplement the company’s existing services, which include global over-the-counter trading and institutional lending. It will also enable Genesis to launch its Prime Services, a one-stop-shop for trading, lending, and securing digital assets, later this year.
“Our acquisition of Vo1t is a giant strategic step forward in our quest to become the world's first full-service digital currency prime broker," Michael Moro, CEO of Genesis, said in a statement.
“The Vo1t team has renowned expertise across cybersecurity, collateral management, quality assurance, and governance. They’re a natural fit as Genesis develops a more robust and secure digital currency platform to increase access to deep pools of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term while increasing capital efficiency for our counterparties,” he added.
London-based Vo1t has served as a digital custody service provider since 2015. The firm’s secure Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term platform supports most mainstream digital currencies and tokens, utilizes multiple layers of military-grade encryption along with comprehensive security insurance.
Powerful one-stop-shop
“The entire Vo1t team is excited to be joining Genesis. Combining our secure custody technology with Genesis’ market-leading trading and lending operations will create a powerful one-stop-shop for professional investors around the world. I look forward to the opportunities ahead as we continue to solve the market’s evolving needs,” said Miles Parry, CEO and co-founder of Vo1t.
In the coming months, Genesis also plans to build an integrated client interface, create additional technology solutions, launch a derivatives trading desk, and add capital introduction capabilities for hedge funds, quant funds, asset managers, and family offices.
Since 2013, Genesis has been a global firm focusing on over-the-counter digital currency trading and lending, providing deep pools of liquidity to institutional investors and high net worth individuals.
New York-based institutional trading firm Genesis today announced its acquisition of Vo1t, an insured digital custody service.
Genesis said that the new addition will supplement the company’s existing services, which include global over-the-counter trading and institutional lending. It will also enable Genesis to launch its Prime Services, a one-stop-shop for trading, lending, and securing digital assets, later this year.
“Our acquisition of Vo1t is a giant strategic step forward in our quest to become the world's first full-service digital currency prime broker," Michael Moro, CEO of Genesis, said in a statement.
“The Vo1t team has renowned expertise across cybersecurity, collateral management, quality assurance, and governance. They’re a natural fit as Genesis develops a more robust and secure digital currency platform to increase access to deep pools of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term while increasing capital efficiency for our counterparties,” he added.
London-based Vo1t has served as a digital custody service provider since 2015. The firm’s secure Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term platform supports most mainstream digital currencies and tokens, utilizes multiple layers of military-grade encryption along with comprehensive security insurance.
Powerful one-stop-shop
“The entire Vo1t team is excited to be joining Genesis. Combining our secure custody technology with Genesis’ market-leading trading and lending operations will create a powerful one-stop-shop for professional investors around the world. I look forward to the opportunities ahead as we continue to solve the market’s evolving needs,” said Miles Parry, CEO and co-founder of Vo1t.
In the coming months, Genesis also plans to build an integrated client interface, create additional technology solutions, launch a derivatives trading desk, and add capital introduction capabilities for hedge funds, quant funds, asset managers, and family offices.
Since 2013, Genesis has been a global firm focusing on over-the-counter digital currency trading and lending, providing deep pools of liquidity to institutional investors and high net worth individuals.