Voyager Merges With French Institutional Crypto Investment Firm, LGO, to Enter The European Market
- LGO, a leading French crypto institutional investment firm, announces a partnership with leading U.S. crypto institutional investment agency firm, Voyager Limited.
- The partnership aims to develop a new decentralized token to offer the European market to capture the region's crypto retail market.
European institutional cryptocurrency exchange, LGO announces partnership with Voyager Digital, a leading cryptocurrency agency broker based in the U.S. The strategic partnership between the two crypto firms aims to expand the crypto-based market base of the U.S broker to European retail clients – in a first of its kind.
According to a press release to the BEG news desk, Voyager and LGO aim to create a decentralized token that will allow seamless transfers of LGO and VGX, the native tokens of the two platforms. The partnership's main purpose is to allow Voyager to penetrate the European retail market under its own brand. LGO will facilitate the move as a licensed Virtual Asset Service Provider (VASPs) registered under the French financial markets regulator, AMF.
As one of the largest cryptocurrency firms focusing on crypto institutional investors in Europe, LGO partnership with Voyager will allow the latter to quickly and efficiently capture the European crypto retail market. Currently, LGO has grown its client base to over 60 institutional clients due to its presence and role in the French crypto scene – as a founding member of the FrenchTech120, the largest crypto lobbyist group in France. Hugo Renaudin, Co-Founder and CEO of LGO, stated,
“Both LGO and Voyager share the same ambition of building services of excellence for customers in a secure, regulated structure.”
“We're particularly proud of the structure of the deal, where both LGO and VGX token holders are well represented.”
The partnership sees LGO relinquish its assets and institutional exchange to Voyager by the end of the year. Notwithstanding, LGO will also transfer its clients and partners to Voyager Limited’s institutional account recently launched. LGO’s executives, including Chairman Frederic Montagnon and Renaudin, will remain advisors to Voyager to see through the partnership.
Voyager is a publicly-traded company in Canada, doubling up as one of the largest agencies in crypto assets markets in the U.S. and North America. Steve Ehrlich, CEO, and co-founder of Voyager Digital, praised the partnership with LGO stating the new token will bridge the gap between the traditional and digital financial world. He further said,
“Hugo and the LGO team have a great reputation and have built a regulatory compliant company, which is core to Voyager's model. We are also excited about the opportunity to create an improved token to bring greater utility to our loyal community base.”
Voyager's new token will be readily available for LGO and VGX holders to swap in equal proportion with their holdings. The token will introduce community governance, staking (with a 7% APY), cashback rewards, and more utility functions.