Voyager Digital eyes sale of VYGR interests to Market Rebellion

By Sarah Lizee

Olympia, Wash., Nov. 18 – Voyager Digital Ltd. is seeking approval to sell its equity interest in joint venture VYGR to Market Rebellion LLC, according to a motion filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

In July 2021, Voyager entered into the joint venture with Market Rebellion under which each held 50% ownership in VYGR Holdings and 50% ownership in VYGR Management LLC.

The joint venture was created in an effort to increase the trading and investing products provided on the debtors’ platform by allowing individual investors to trade equities, options, and futures. It is still in the development phase.

As part of the Chapter 11 process, the debtors began a marketing and sale process for their assets. During that time, no bidder expressed interest in buying Voyager’s interests in the joint venture.

In September the debtors approached Market Rebellion regarding the sale in exchange for the termination of Voyager’s expense obligations.

A hearing is scheduled for Dec. 8.

Voyager Digital is a cryptocurrency broker based in New York. The company filed bankruptcy on July 5 under Chapter 11 case number 22-10945.

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