US-licensed crypto asset brokerage Voyager will integrate Ethos’ Bedrock platform to enable self-custody and wallet solutions on its retail and institutional platforms. The partnership will also bring Voyager’s crypto-to-fiat functionality to users of Ethos’ flagship product, the Ethos Universal Wallet.
With this, Voyager ensures a single hub is in place for its users to securely store and trade crypto assets on the Blockchain . It also opens up the support of coins that Voyager’s existing custody partners do not offer. Voyager will announce the first list of supported coins when their mobile application launches later this month.
In turn, Voyager will give Ethos users the power to convert fiat currency into crypto assets and these tokens into fiat, all within their wallet.
Ethos’ CEO Shingo Lavine will also be joining Voyager as an advisor to support this integration process.
The two companies anticipate a number of additional features and solutions to come via the partnership, but the primary goal, for now, is to seamlessly integrate Voyager’s trade execution, Ethos’s Universal Wallet and Ethos Bedrock with one another.
Voyager to Launch Institutional Offering
Earlier this month, Voyager has unveiled a new service platform focused squarely on the institutional market, going up against established players like Coinbase’s GDAX and Circle’s CircleTrade.
The new service seeks to help professional investors, including buy-side firms, hedge funds, brokerages, and market makers, gain exposure to crypto assets using an over-the-counter (OTC) trading desk.
Most importantly, they will be able to purchase Cryptocurrencies without incurring commission charges in a similar pattern to what stock trading app Robinhood currently offers.
Voyager is headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial who also previously ran the professional trading arm of online stock broker E*Trade. The startup’s other co-founders include Philip Eytan, an early Uber investor, and Oscar Salazar, the former chief technology officer of the ride-hailing company.
