Crypto Brokerage Firm Voyager From Uber’s Former CTO Acquires Wallet Startup Ethos

Voyager Digital, a crypto brokerage firm co-founded by a former CTO of Uber, is acquiring crypto wallet startup Ethos.

Voyager Digital, a crypto brokerage firm co-founded by a former CTO of Uber, is acquiring crypto wallet startup Ethos, an announcement published by Voyager on Feb. 27 reveals.

This acquisition is building on a strategic partnership between Ethos and Voyager, which was first announced in September last year. According to the announcement, the Ethos Universal Wallet software, first released in July 2018, will be integrated into Voyager’s retail and institutional businesses enabling self-custody integrated with a brokerage solution.

With the acquisition, Voyager will also obtain access to Ethos Bedrock, an enterprise blockchain application. With Bedrock, the company reportedly hopes to strengthen its institutional offering and allow businesses of any kind to build blockchain-enabled applications in the custody, payments and investments spaces.

Shingo Lavine, founder and CEO of Ethos, will reportedly join Voyager as chief blockchain officer. Crypto outlet Coindesk reports that Voyager will pay for the acquisition with 7 million of its shares, which are quoted at CA$0.77 ($.66) at press time. This translates to an acquisition price of about CA$5.39 million (a little over $4 million).

The acquisition is expected to take place at the end of March and the price will not be paid fully upfront, as 3.3 million shares will reportedly be handed over immediately and 1 million held in escrow and released over two years, while 2.6 million will be withheld for 24 months. Coindesk writes that Voyager will also reportedly gain some Ethos tokens, which were issued in its initial coin offering (ICO) in July 2017 — when the company was known as Bituence — raising nearly $1.7 million.

As Cointelegraph recently reported, Voyager has gone public on Canada’s TSX Venture Exchange following the completion of a so-called reverse takeover.

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2984,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Crypto Brokerage Firm Voyager From Uber’s Former CTO Acquires Wallet Startup Ethos
Crypto Brokerage Firm Voyager From Uber’s Former CTO Acquires Wallet Startup Ethos
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jNWZmOWExNmU4OTRjMjEzODg2YThhMTc0YmMwYjU5ZC5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/02/crypto-brokerage-firm-voyager-from.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/02/crypto-brokerage-firm-voyager-from.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy