VersiFi Acquires Ather Digital
Ather Digital was spun out of Manifold Capital Partners ("Manifold"), a systematic quantitative investment firm, in 2022. Its technology was developed in partnership with Manifold and other HFT hedge funds specifically to meet their digital assets trading requirements and will be integrated into VersiFi's trading and lending platform. Manifold and other leading investors will now be minority shareholders in VersiFi.
"This acquisition accelerates our product strategy and gives us a comprehensive suite of trading solutions earlier than anticipated," said Sameer Shalaby, founder and co-CEO of VersiFi. "Built with the needs of quantitative investment managers in mind, Ather's technology has exceptional performance, efficiency and interoperability characteristics that can translate into significant cost savings for clients. We are delighted to welcome the Ather team to VersiFi and together launch these capabilities to market."
In addition, Ather Digital's team of developers and Abu Dhabi office are now part of VersiFi, and founder and chief technology officer, Sidharth Sankhe, has taken the role of Head of Quant Trading Technologies as part of VersiFi's executive leadership team. VersiFi also has plans to grow its presence in the UAE.
"We are excited to back such a powerful and proven team. VersiFi is perfectly equipped to turn Ather's vision into reality," said Jae Chung, founder and CEO of Manifold Capital Partners. "With so many ways to collaborate, Manifold will be giving maximal support to VersiFi as they continue to scale."
"We, alongside Ather's other institutional investors, are excited to partner with VersiFi's leadership team to continue our efforts in taking Ather's technology to market," said Richard Blankenship, Founder & General Partner of Dream Ventures. "VersiFi's vision is complementary to Ather's – and ours – and we are confident that their combined technology and teams will create a highly differentiated industry offering."
About VersiFi
VersiFi is a digital asset trading and lending firm that combines a high-tech platform with high-touch services to help institutions trade and borrow efficiently. VersiFi's plug-and-trade platform provides a single point of access for trading, borrowing, and lending, as well as custody services provided by third-party partners. Led by a team of proven industry professionals, VersiFi is determined to help digital assets reach their fullest potential. For more information visit
www.versifi.io.
CONTACT INFORMATION
Jennifer Berlin
Forefront Communications for VersiFi
+44 (0) 7375 288 641
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/versifi-acquires-ather-digital-302153201.html
