Voyager

What Voyager does

Voyager Digital was a publicly traded crypto-asset brokerage (cnsx:VYGR) founded in 2017 and headquartered in Wilmington, Delaware, that offered retail investors access to cryptocurrencies and altcoins through its trading platform. The company operated a brokerage model with 101–250 employees pre-collapse, distributing digital-asset exposure to retail customers rather than running a custodian or exchange of its own. Core revenue mechanics centered on trading spreads and fees on customer cryptocurrency transactions, supplemented by staking and yield products that became a focal point of the 2022 liquidity crisis.

Voyager pursued an aggressive acquisition-led expansion from 2019 through 2021, acquiring Ethos (digital identity, March 2019), VYGR Digital Securities (broker-dealer, January 2020), and Coinify (payments, August 2021, approximately $84 million) to broaden its product surface and license perimeter. Capital-raising paralleled this M&A: a $100M Stifel Financial-led round in February 2021, $75M in October 2021, and three rounds in 2022 (totaling approximately $335 million) anchored by Alameda Research — including a $60M private placement in May 2022 with Galaxy Digital, Blockdaemon, and Digital Currency Group, plus a $200M Alameda credit facility in June 2022.

In 2022, Voyager Digital filed for bankruptcy following a customer redemption surge during the crypto winter, alongside FTX, Celsius, and Three Arrows Capital. The current public web presence at investvoyager.com operates as a Crypto Recovery Dashboard for creditor claims and bankruptcy distributions — a structural pivot to estate management rather than active brokerage operations.

Name

Voyager

Legal name

Voyager

Website

https://investvoyager.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Voyager Digital was a publicly traded crypto-asset brokerage (cnsx:VYGR) offering retail investors access to cryptocurrencies before declaring bankruptcy in 2022 amid the crypto winter; it now operates a Crypto Recovery Dashboard for creditor distributions.

Ownership category

akta.pro rank

Product category

Cryptocurrency Brokerage

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)

akta.pro secondary industries

Centralized Crypto Exchanges (CEX) (FSAPADAA), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL)

Keywords

• Cryptocurrency brokerage
• Crypto trading platform
• Digital asset services
• Altcoin exchange
• Retail crypto investing

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. NASA Government Contracts: Fixed-price or cost-plus contracts for Private Astronaut Missions to ISS, testing life-support and crew operation technologies for future lunar and deep space missions.
2. Space Infrastructure Technology Sales: Sale of proprietary propulsion systems, energetics, and space computing infrastructure to defense and space sector customers.
3. Defense and Space Propulsion: Manufacturing and sale of propulsion components and energetic materials for highest-priority defense and space programs, creating high-skilled domestic manufacturing jobs.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Voyager Digital is a publicly traded crypto-asset brokerage company that provides retail investors with a mobile application platform to buy, sell, and earn interest on cryptocurrencies and altcoins. The company offered a commission-free trading app and expanded through acquisitions of Coinify, Ethos, and VYGR Digital Securities to broaden its crypto ecosystem.

Product overview

Voyager Technologies is a space and aerospace company focused on propulsion systems and space infrastructure. The company operates a portfolio of products including Space Edge Micro Datacenters for orbital computing, propulsion systems (solid rocket motors, roll control systems, energetics), and expandable inflatable habitat technology for lunar bases. Voyager's capabilities span defense and commercial space applications, with recent NASA contracts for Private Astronaut Missions and involvement in NASA's moon base programs. The company has acquired complementary businesses including Estes Energetics and Exoterra to strengthen American propulsion capabilities, and partners with IBM on post-quantum cryptography security solutions for space communications.

Differentiator

Problem solved

Functional benefit

Products and services

• Voyager Mobile App Mobile application that enables retail customers to buy, sell, trade, and earn interest on cryptocurrencies and altcoins through a commission-free brokerage interface.
• Voyager Interest Program Service allowing retail customers to earn interest rewards on their held cryptocurrency assets through the Voyager platform.

Quantifiable outcome

• Demonstrated post-quantum cryptography security on ISS in September 2025 using IBM Quantum Safe technology

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core, minor and flagship.

• Max SpacecoreStrategic or Co-development Partner · 29 April 2026Voyager made a multi-million-dollar strategic investment in Max Space to accelerate development of expandable inflatable habitat technology for permanent lunar habitation. CEO Dylan Taylor stated at CNBC's CONVERGE LIVE that humans could live and work on the Moon by the early 2030s, with initial lunar base elements expected by 2028.
• Space FoundationminorGTM or Marketing Partner · 28 April 2026Space Foundation, a nonprofit advancing the global space community, premiered its National Space Day educational video on May 1, 2026. The video is part of the Space Workforce for Tomorrow initiative, presented in partnership with The Aerospace Corporation, Axiom Space, and Voyager.
• NASAflagshipStrategic or Co-development Partner · 15 April 2026NASA awarded Voyager a contract for the seventh Private Astronaut Mission (PAM-7) to the International Space Station, scheduled for launch no earlier than 2028. The mission aims to test new life-support and crew operation technologies for future lunar and deep space missions, supporting NASA's transition to private sector space operations.
• IBMcoreTechnology or Integration · 1 September 2025Voyager and IBM successfully demonstrated post-quantum cryptography security on the International Space Station by deploying IBM Quantum Safe Remediator on Voyager's Space Edge Micro Datacenter. The demonstration established a post-quantum-secured communication link between the ISS and Earth users, proving that securing traffic between Earth and orbit with PQC is possible today using IBM's crypto-agility software.
• SpaceXminorStrategic or Co-development PartnerSpaceX identified as a key player in the space ecosystem alongside Voyager and Blue Origin, all pursuing permanent Moon bases driven by anticipated increases in US government funding and the NASA Authorization Act of 2026.
• Blue OriginminorStrategic or Co-development PartnerBlue Origin alongside Voyager and SpaceX are pursuing permanent Moon bases, with NASA funding commercial station concepts from both Blue Origin and Voyager as referenced in Senate legislation considerations.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• BlockFi: BlockFi was a centralized crypto lending platform offering interest-bearing accounts and crypto-backed loans. Closely comparable to Voyager Digital's core lending/brokerage model. Also declared bankruptcy in November 2022 following FTX exposure, making it the most directly comparable peer in both product offering and fate.
• Celsius: Celsius was a leading CeFi crypto lending platform offering yield products to retail customers. Functionally identical to Voyager Digital's lending business model. Filed for bankruptcy in July 2022, preceding Voyager's collapse, with similar exposure to Three Arrows Capital.
• Genesis Global Capital: Genesis was an institutional crypto lending and trading firm under Digital Currency Group. Comparable to Voyager Digital in offering crypto lending/borrowing products. Filed for bankruptcy in January 2023 following FTX and Three Arrows Capital exposure.
• Nexo: Nexo is a centralized crypto lending platform offering interest-bearing accounts, crypto-backed loans, and exchange services. Direct functional peer to Voyager Digital's lending platform. Notably survived the 2022 crypto winter and continues operating, illustrating a similar business model that did not collapse.

Broad incumbents

• Coinbase: Coinbase is a major US-based centralized crypto exchange offering spot trading, staking, and institutional services. Overlaps with Voyager Digital's brokerage functionality but operates at much larger scale with full SEC regulatory compliance and survived the 2022 crypto winter.
• Binance: Binance is the world's largest centralized crypto exchange by trading volume. Offers trading, staking, lending products, and a broad portfolio of crypto services. Overlaps significantly with Voyager Digital's brokerage and yield-product offerings, though it has faced its own significant regulatory headwinds.
• Crypto.com: Crypto.com is a major crypto exchange platform offering trading, staking, lending, and a Visa card program. Functionally comparable to Voyager Digital's brokerage business, with a broader consumer product portfolio and significant brand marketing investment.
• Kraken: Kraken is a US-based cryptocurrency exchange offering spot trading, staking, and margin trading. Comparable to Voyager Digital's brokerage functionality, though Kraken does not offer retail lending accounts in the same unregulated manner Voyager did pre-bankruptcy.

Emerging players

• Aave: Aave is a decentralized lending protocol operating without a central custodian, in contrast to Voyager Digital's centralized model. Functionally comparable lending and borrowing services but on a different architectural and trust model that eliminates counterparty custodian risk.
• Compound: Compound is a decentralized finance (DeFi) protocol for algorithmic lending and borrowing of crypto assets. Competes with centralized lenders like Voyager Digital by offering similar yield-generating functions on-chain via smart contracts, representing the decentralized alternative model.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/investvoyager
• Facebookfacebook.com/InvestVoyager
• LinkedInlinkedin.com/company/investvoyager

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds8 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Voyager