United States-based cryptocurrency brokerage firm Voyager Digital announced a $75 million investment from cryptocurrency quantitative trading business firm and liquidity provider Alameda Inquiry on Thursday. Founded in 2022, Voyager Digital offers more than than sixty digital currencies for trade on its mobile app, which as well includes services such as yield farming.

According to the company'due south website, Alameda Enquiry was founded in 2022 and now manages $1 billion in digital assets. In addition, the business firm claims to trade anywhere betwixt $one billion and $10 billion worth of major cryptocurrencies, altcoins and crypto-derivatives each day. The company took an active interest in decentralized finance, or DeFi, this past year.

Steve Ehrlich, CEO and co-founder of Voyager Digital, issued the following statement regarding the new partnership:

"While the firsthand opportunity is on the order menstruation and nugget management front, nosotros are tremendously excited about potential hereafter synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well every bit the cosmos of thought leadership every bit nosotros work with lawmakers on shaping regulation."

On Wednesday, the Dallas Mavericks basketball game team announced a five-year partnership deal with Voyager Digital. The two aim to increase cryptocurrency adoption worldwide through the promotion of educational content and fan engagement. It also includes naming rights to the Mavs Gaming Hub, the official venue of the namesake basketball team.