Cryptocurrency broker Voyager Digital has received a $75 million investment from trading firm Alameda Research.

• The investment will be used for growth, Voyager Digital (TSX: VOYG) said Thursday. Shares of the company soared 17% as of 10:20 a.m. ET in Toronto.
• Voyager Digital and Alameda plan to tap into opportunities in non-fungible tokens (NFT) and crypto derivatives as well as work together with lawmakers on shaping regulation.
• “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” said Caroline Ellison, the co-CEO of Alameda.
• Alameda Research was launched by crypto billionaire Sam Bankman-Fried who announced Oct. 12 he was taking a step back to make room for co-CEOs Ellison and Sam Trabucco.
• Currently, Alameda Research trades over $5 billion a day across thousands of products including cryptocurrencies, altcoins and their derivatives.

Read more: Voyager Digital a Step Closer to Operating in EU After French Regulatory Approval