VersiFi, a digital asset trading and lending firm, has raised $10 million in Series A funding and announced the launch of its new business. The funding round was led by Hunting Hill Global Capital and will be used to support the development of a low-latency plug-and-trade platform.
VersiFi’s plug-and-trade platform will offer a single point of access for trading, borrowing and lending, along with custody services provided by third-party partners. The company aims to help digital assets reach their fullest potential and provide institutional investors with reliable technology, risk management and trading and lending services.
Martin Garcia, formerly of Genesis, has been appointed co-CEO and will lead VersiFi’s sales, trading and lending functions. VersiFi’s co-CEO, Sameer Shalaby, will lead all non-trading aspects of the business. Shalaby expressed the company’s commitment to building a digital assets ecosystem that minimizes risk and provides a reliable market structure for customers. Backed by its latest funding round, VersiFi aims to fuel continued growth and evolution in the digital assets market.
