VersiFi, a NYC-based digital asset buying and selling and lending agency, as we speak introduced it has acquired Ather Digital, an Abu Dhabi, UAE-based spun out of Manifold Capital Companions, a scientific quantitative funding agency.
The quantity of the deal was not disclosed.
With the acquisition, VersiFi will develop its digital asset buying and selling know-how to incorporate direct market entry and sensible order routing developed by Manifold Capital Companions.
Ather Digital was spun out of Manifold Capital Companions, a scientific quantitative funding agency, in 2022 to offer know-how was developed in partnership with Manifold and different HFT hedge funds particularly to fulfill their digital property buying and selling necessities and can be built-in into VersiFi’s buying and selling and lending platform. Manifold and different main buyers will now be minority shareholders in VersiFi.
As well as, Ather Digital’s crew of builders and Abu Dhabi workplace are actually a part of VersiFi, and founder and chief know-how officer, Sidharth Sankhe, has taken the function of Head of Quant Buying and selling Applied sciences as a part of VersiFi’s govt management crew. VersiFi additionally has plans to develop its presence within the UAE.
Led by Sameer Shalaby and Martin Garcia, VersiFi is a digital asset buying and selling and lending agency that mixes a high-tech platform with high-touch providers to assist establishments commerce and borrow effectively. Its plug-and-trade platform supplies a single level of entry for buying and selling, borrowing, and lending, in addition to custody providers offered by third-party companions.
FinSMEs
23/05/2024
