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Genesis Acquires Institutional Custodian Vo1t
Friday 22 May 2020

US digital currency prime broker Genesis has acquired London-based digital custody service Vo1t to equip Genesis to launch Prime Services, a brokerage for trading, lending and securing digital assets, the company said.

Terms of the transactions were not disclosed.

The new addition will supplement Genesis's existing services, which include global over-the-counter trading and institutional lending.

Vo1t's secure cold storage platform supports most mainstream digital currencies and tokens, utilises multiple layers of military-grade encryption along with comprehensive security insurance, and is trusted by some of the world's largest financial institutions.

Genesis provides investors a convenient, robust, and secure marketplace to custody, trade, borrow, and lend digital currencies, creating new opportunities for yield while increasing capital efficiency for counterparties.
Date Published: 22/05/2020