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 provides an asset and risk
management update in light of changing market conditions. As a
public company, Voyager operates with a consistently high level of
transparency, providing regular quarterly financial statements
detailing the company's financial position and financial statement
disclosure surrounding risk management practices and counterparty
exposure.
Voyager differentiates itself through a
straightforward, low-risk approach to lending and asset
management by working with a select group of reputable
counterparties, which are all vetted through extensive due
diligence by its Risk Committee. The company does not participate
in DeFi lending activities, algorithmic stablecoin staking and
lending, or derivative assets, such as stETH. One of Voyager's
important objectives is to make crypto as simple and safe as
possible for consumer use. With that mission in mind, safeguarding
customer assets is a top priority.
Although Voyager announced a prior partnership
with Celsius in 2019, due to the company's ongoing due diligence
and risk management process, Voyager currently has no customer
assets at Celsius.
"Voyager holds a strong position in the crypto
industry. Not only were we among the first to go public and provide
full balance sheet transparency, our leadership also has deep
financial expertise across the sector and has led 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 customer assets. It is Voyager's goal
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 marketplace. Voyager offers 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 globe. To learn more about the company, please
visit https://www.investvoyager.com.
The TSX has not approved or disapproved of the
information contained herein.
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SOURCE Voyager Digital (Canada)
Ltd.
