NEW YORK† June 14, 2022 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest growing consumer cryptocurrency platforms in the United States, and one of the first public companies in the crypto industry, today offers an update on asset and risk management in light of changing market conditions. As a publicly traded company, Voyager operates with a consistently high level of transparency and provides regular quarterly financial statements detailing the company’s financial position and financial statement disclosures related to risk management practices and counterparty exposure.
Voyager takes a straightforward, low-risk approach to lending and asset management by partnering with a select group of reputable counterparties, all of which are vetted through extensive due diligence by the Risk Committee. The company does not participate in DeFi lending activities, algorithmic staking and lending of stablecoins, or derivative assets, such as stETH. One of Voyager’s main goals is to make crypto as simple and secure as possible for consumer use. With that mission in mind, protecting customers’ assets is a top priority.
Although Voyager announced a previous partnership with Celsius in 2019, Voyager currently has no customer assets with Celsius due to the company’s ongoing due diligence and risk management process.
“Voyager has a strong foothold in the crypto industry. Not only were we among the first to go public and offer full balance sheet transparency, our leadership also has deep financial expertise across the industry and has guided companies through multiple market cycles.” said Steve Ehrlich, Chief Executive Officer and co-founder of Voyager. “The company is well capitalized and in a good position to weather this market cycle and protect customers’ assets. Voyager’s goal is to continue to build secure products and services, as well as build trust and leadership in the cryptocurrency industry.”
About Voyager Digital Ltd.
Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing cryptocurrency platform in the United States founded in 2018 to bring choice, transparency and cost efficiency to the market. Voyager provides a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the world. For more information about the company, please visit: https://www.investvoyager.com†
The TSX has not approved or disapproved of the information contained herein.
SOURCE Voyager Digital (Canada) Ltd.
For more information: Press contacts, Voyager Digital, Ltd., Voyager Public Relations Team, [email protected]