Benzinga – VersiFi, a crypto trading and lending firm co-led by a former Genesis executive, has acquired Ather Digital, a crypto trading technology startup, for an undisclosed sum. The deal will help VersiFi add direct market access, algorithmic trading and smart order routing to its platform, the firm said Thursday. The deal terms were undisclosed, but VersiFi founder and co-CEO Sameer Shalaby told The Block that it was an “all-stock” deal in which all Ather Digital shareholders received shares in VersiFi. One of those shareholders is Manifold Capital Partners, a quantitative investment firm from which Ather Digital was spun out in 2022. Manifold and other high-frequency trading hedge funds developed Ather’s technology to meet their crypto trading requirements. Manifold and other Ather investors have now become “minority” shareholders in VersiFi.
Read the full story at The Block.
