VersiFi, a digital asset trading and lending company headquartered in New York City, said today that it has acquired Ather Digital, a systematic quantitative investing business that was spun out of Manifold Capital Partners and located in Abu Dhabi, United Arab Emirates.
The deal’s total value was not made public.
Through the purchase, VersiFi will add direct market access and Manifold Capital Partners’ intelligent order routing to its suite of digital asset trading technologies.
About Ather Digital
In 2022, Manifold Capital Partners, a systematic quantitative investment firm, spun off Ather Digital to provide technology that was created in collaboration with Manifold and other HFT hedge funds especially to satisfy their needs for trading digital assets. This technology will be incorporated into VersiFi’s lending and trading platform. VersiFi’s minority owners will now include Manifold and other notable investors.
Moreover, creator and chief technical officer Sidharth Sankhe has joined VersiFi’s senior leadership team as Head of Quant Trading Technologies, joining the company’s development team and Abu Dhabi headquarters. VersiFi intends to expand its business in the United Arab Emirates.
About VersiFi
VersiFi is a digital asset trading and lending company run by Sameer Shalaby and Martin Garcia. It offers high-tech trading and lending services together with high-touch services to assist institutions trade and borrow money effectively. Its plug-and-trade platform offers a centralized location for lending, trading, and borrowing in addition to custodial services from other partners.
