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 <p class="is-style-lead">VersiFi appoints former Genesis executive Martin Garcia as co-CEO and <a rel="noopener noreferrer nofollow" title="secures" href="https://thebittimes.com/tag/secures.html">secures</a> $10 million in funding to drive <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="lending" href="https://thebittimes.com/tag/lending.html">lending</a> services.&nbsp;</p>
 <p>VersiFi, a New York-based digital asset prime brokerage, has announced the appointment of former Genesis Global executive Martin Garcia as its new co-CEO. This strategic move comes as the company looks to expand its <a rel="noopener noreferrer nofollow" title="lending" href="https://thebittimes.com/tag/lending.html">lending</a> and trading services, with Garcia set to lead this initiative. VersiFi also secured $10 million in funding from the Wall Street investment entity Hunting Hill Global Capital.</p>
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 <p>In an interview with Bloomberg, Garcia expressed optimism about the industry’s prospects, emphasizing that the anticipated approval of Bitcoin ETFs has increased <a rel="noopener noreferrer nofollow" title="lending" href="https://thebittimes.com/tag/lending.html">lending</a> demand. The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="lending" href="https://thebittimes.com/tag/lending.html">lending</a> industry has undergone significant changes following a series of high-profile collapses in the sector, including the downfall of FTX and Genesis. These events have led to a reevaluation of industry practices.</p>
 <p>VersiFi is aligning its regulatory strategy with these industry shifts. The company is currently pursuing registrations in the British Virgin Islands and plans to launch its expanded lending and trading operations in the first quarter of the upcoming year. This development marks a significant step in VersiFi’s growth and its adaptation to the evolving landscape of digital asset finance.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/versifi-hires-ex-genesis-exec-and-secures-10m-to-revamp-crypto-lending-tbt70441.html">https://thebittimes.com/versifi-hires-ex-genesis-exec-and-secures-10m-to-revamp-crypto-lending-tbt70441.html</a></p>

VersiFi hires ex-Genesis exec and secures $10m to revamp crypto lending

TheBitTimes

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