Diginex Stock Listed On Nasdaq Exchange Under The Ticker EQOS
Diginex Stock Listed On Nasdaq Exchange Under The Ticker EQOS
October 3, 2020
Diginex Stock Listed On Nasdaq Exchange Under The Ticker EQOS
Diginex Stock Listed On Nasdaq Exchange Under The Ticker EQOS
October 3, 2020

Digital finance company Diginex‘s stock has listed on the Nasdaq exchange under the ticker EQOS after a $50 million capital raise and reverse merger.

Richard Byworth, the CEO of Diginex, said:

“I think this is hugely important for the development of the industry. Prior to this, you’ve pretty much only had exposure to direct crypto assets via ETF-like structures.”

It has been reported that Diginex is the parent of a number of different crypto and blockchain-focused entities, including crypto exchange Equos, and Digivault, the company’s digital asset custody wing, as Equos opened just recently on July 30.

However, Diginex is involved in many areas of the crypto and blockchain space and Byworth believes that it represents a way to invest in the overall crypto space through the mainstream US stock market.

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He said:

“Now you finally have a picks and shovels trade for the entire asset class. Having that on the public markets is hugely differentiating. It’s a really nice exposure diversification for a portfolio that’s focused on this asset class.” 

According to Byworth, Diginex is like a modern-day pick and shovel company. In addition to its exchange, custody solution, asset management, and multi-venue trading platform, Diginex also boasts involvement with digital securities. 

Likewise, TechCrunch explained in an article that Diginex took an indirect approach to going public as a listed company, going through a special-purpose acquisition company, or SPAC — a classification referring to “blank-check companies that are formed for the purpose of merging or acquiring other companies.”

Thus, Diginex merged with 8i Enterprises, a SPAC that is already publicly traded.

Source: Cointelegraph | Image: Nasdaq


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.