23 May 2024

A New Era: What VersiFi’s Acquisition of Ather Digital Means for Digital Asset Trading

Following a lengthy crypto winter precipitated by significant industry turmoil, the digital asset space is experiencing an evident turnaround. Institutional demand is back on the rise, with many large buy-side firms looking to support investor demand amid all-time high prices. The past two years may have been marked by uncertainty, but the trend toward adoption and greater diversity in terms of digital asset market participation is getting back on track.

These trends have served to reinforce our belief that a convergence of the TradFi and digital asset spaces is imperative to building a robust and sustainable market structure ripe for innovation. At VersiFi, we’ve focused our efforts to date on helping institutional investors scale their activity by providing familiar high-performance technology and high-touch services, while also advocating for protocols that minimize risk and provide a responsible framework for trading.

While there is still work to be done, these efforts have led us to a truly exciting update. We are thrilled to announce our strategic acquisition of Ather Digital and its cutting-edge technology, which will be integrated with the VersiFi platform. A provider of direct market access (DMA) and algorithmic smart order routing (SOR) solutions to both CeFi and DeFi players, Ather Digital’s journey has been marked by impressive achievements and innovations that we are proud to now bring within our walls.  

Ather Digital’s solutions align well with our expansion plans and complement our existing platform focused on bilateral institutional trading and lending. Together, we now offer a comprehensive suite of solutions that will redefine the standard of excellence in the digital asset space. Early indications and excitement from beta clients suggest significant market demand for these combined offerings, further validating the immense potential of this acquisition.

Joining forces with Ather Digital also enables us to extend our geographic reach and add more expertise to our ranks. Ather Digital’s team of talented developers and its Abu Dhabi office are now part of VersiFi, giving us a jurisdictional foothold in one of the world’s emerging centers for digital asset innovation. In addition, Ather Digital’s chief engineer, Sidharth Sankhe, has joined VersiFi’s executive leadership team, adding to our deep bench of expertise and experience.

This truly is the start of a new, more comprehensive and more global era for VersiFi. In the short term, we’re eagerly awaiting regulatory approvals to unleash our full suite of offerings over the coming months. With our recent fundraise and series of strategic hires, the acquisition of Ather Digital is just the latest milestone in what has been a sustained growth period for VersiFi, enhancing our ability to act as responsible market leaders and meet institutional demand with the functionality, service and stability these firms require to trade digital assets with confidence.

To keep up with our journey and hear updates from the newly expanded VersiFi team, sign up for our email list or follow us on LinkedIn.

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