Martin Garcia, the former managing director and co-head of trading and lending at now bankrupted crypto lender Genesis Global, has joined VersiFi as co-chief executive officer and will lead the digital-asset prime brokerage firm’s expansion into those services.

VersiFi, which also announced that it raised $10 million from Wall Street investment firm Hunting Hill Global Capital, anticipates a rebound in lending activity amid the likely approval in the US of exchange-traded funds that hold Bitcoin directly.