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Voyager Digital announces strategic partnership with Blockdaemon

By Pavithra R

April 30, 2021

  • Blockdaemon
  • United States
  • Voyager Digital
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Voyager announces strategic partnership with BlockdaemonVoyager Digital, a publicly-traded holding company whose subsidiaries operate licensed crypto-asset trading and investing brokerage, has announced partnering with Blockdaemon, a leading blockchain node infrastructure platform with enterprise-grade security and monitoring.

Under the partnership, the companies will 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. 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,” said Steve Ehrlich, CEO and Co-founder.

The alliance with Blockdaemon is expected to allow Voyager to maintain full custody of staked assets and protect their relevant private keys while potentially earning returns that can exceed those of lending interest rates. The collaboration enables Voyager to continue to pay 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, the firm 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. In the future, the partnership also expects to enable Voyager to add support for more assets supported by Blockdaemon.

“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. We are delighted to support Voyager in their future success through secure node infrastructure, staking and monitoring services for their growing platform,” said Konstantin Richter, CEO and Founder of Blockdaemon.

Founded in 2017, Voyager is a publicly-traded, licensed crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The firm offers investors execution, data, wallet, and custody services through its institutional-grade open architecture platform.

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