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Crypto broker Voyager joins Wall Street Blockchain Alliance

Thu, 23 May 2019, 04:03 am UTC

Crypto brokerage firm Voyager has joined the Wall Street Blockchain Alliance (WSBA), a non-profit advocacy group for blockchain technology, as a corporate member.

Founded in 2015, the WSBA aims to promote comprehensive adoption of distributed ledger technology across financial markets. Earlier this year, it joined the global blockchain consortium led by enterprise software firm R3.

Voyager offers enterprise-grade technology that provides retail and institutional investors with a solution to trade crypto assets. It also offers an iOS application that allows commission-free trading of 18 of the largest and most liquid crypto assets, made possible through a proprietary smart order routing technology and direct connectivity to multiple exchanges and market makers.

In addition, the app also allows customers to practice self-custody through the firm’s recent acquisition of blockchain service provider and universal wallet Ethos.io. Going forward, Voyager plans to introduce cost basis and tax analysis services.

“Our partnership with the WSBA is an important step towards our shared goal of promoting the adoption of blockchain and crypto assets across traditional financial markets. We look forward to working with regulators, policymakers and fellow WSBA members to build sustainable solutions that push the market forward,” CEO of Voyager Steve Ehrlich said.

Earlier this week, Voyager announced that it will integrate Ledger Vault’s multi-authorization cryptocurrency wallet management solution into its crypto trading platform to increase the security of its crypto holdings.

The WSBA aims to advocate, guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets. Its Legal Working Group (LWG) recently published its response to the United States Securities and Exchange Commission (SEC) staff’s April 2019 Digital Asset Guidance.

“[I]t is our view that, generally speaking, the Guidance is unlikely to materially change the legal guidance that responsible legal practitioners provide to a client seeking to launch a digital asset transaction in the absence of the Guidance. Although the Staff must be applauded for its efforts, the Guidance does raise many new questions,” the LWG said and listed a total of 10 key takeaways, questions, and recommendations.

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