Genesis, a NYC-based provider of digital currency trading and lending solutions, acquired Vo1t, a London-based insured digital custody service.
The amount of the deal was not disclosed.
The new addition will supplement Genesis’s existing services, which include global over-the-counter trading and institutional lending, and enable the company to launch its Prime Services, a destination for trading, lending, and securing digital assets, later this year.
Led by Miles Parry, CEO and Co-founder, Vo1t has served as a leading digital custody service provider since 2015. The firm’s secure cold storage platform supports most mainstream digital currencies and tokens, utilizes multiple layers of military-grade encryption along with comprehensive security insurance, and is used by some of the world’s largest financial institutions. 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.
Led by Michael Moro, CEO, Genesis has been a worldwide leader in over-the-counter digital currency trading and lending, providing deep pools of liquidity to institutional investors and high net worth individuals.