VersiFi, a burgeoning name in the digital assets sector, recently celebrated a significant milestone in its financial journey.
The company, founded just a year ago in 2022, has swiftly risen to prominence with its innovative approach to digital asset trading and lending.
The recent Series A funding round saw VersiFi raising a substantial $10m. This financial injection was led by Hunting Hill Global Capital, marking a strong vote of confidence in the company’s future.
At its core, VersiFi operates in the digital assets sphere, offering advanced trading and lending services. Their platform is designed to cater to the nuanced needs of the digital assets market, backed by robust institutional-grade technology. This innovative approach is poised to reshape how digital assets are traded and lent.
The primary aim for this new capital is to launch VersiFi’s digital assets trading and lending business. The company plans to leverage the funds to build a state-of-the-art platform, combining low latency technology with high-end trading and lending services, thus offering a unique proposition in the market.
The press release also shared insights into the company’s strategic direction and team dynamics. Martin Garcia, a notable figure in digital asset trading, has been appointed co-CEO alongside VersiFi founder Sameer Shalaby. Garcia brings with him a wealth of experience from his tenure at Genesis, where he played a pivotal role in scaling their digital assets business.
“We are working with Hunting Hill to bring the best tradfi and digital assets talent together to build a stronger market environment,” said Sameer Shalaby, co-CEO, VersiFi. “Martin’s depth of experience and understanding of both markets and client needs are invaluable qualities that will help us achieve our goals. We are fully committed to developing a digital assets ecosystem that sees market participants working together to minimize risk and provide customers with a robust market structure that helps them trade responsibly.”
In his statement, Martin Garcia, co-CEO, VersiFi, expressed excitement about joining forces with Shalaby. He highlighted the need for institutional investors to have reliable, high-grade technology and services for scaling their activities in digital assets.
“The promise and potential of digital assets are still very clear,” said Adam Guren, CEO of Hunting Hill. He commended VersiFi’s team, including the new addition of Martin, for their extensive experience in trading, lending, and technology that is essential for evolving the digital assets market structure.
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