Diginex Limited, a digital assets financial services company, has been listed and will be trading on Nasdaq under the “EQOS” ticker symbol. Meanwhile, the company’s warrants will trade under the ticker “EQOSW”.
This business combination means that Diginex becomes the first listed company on Nasdaq with a cryptocurrency exchange. Diginex will offer investors the opportunity to participate in the growth of this emerging asset class via the public markets.
The company approximately raised $50 million comprising both Diginex’s private raise completed in advance of the listing and the cash remaining in the special-purpose acquisition company (SPAC). The capital has been channeled towards strengthening its balance sheet and investing in the business.
Diginex’s listing was acquired through a merger with 8i Enterprises Acquisition Corp. 8i is classified under SPAC which refers to blank-check companies that are formed for the purpose of merging or acquiring other companies.
Diginex CEO Richard Byworth shared his joy about this significant event:
This is a watershed moment for both Diginex and the cryptocurrency industry with the listing of the first-ever company with a crypto exchange on Nasdaq.
This will strengthen the company’s balance sheet and will enable it to realize its vision to build a digital assets ecosystem that offers innovative products and services that are compliant, fair, and trusted.
Diginex Chairman Chi-Won Yoon added that:
We are delighted to have reached this milestone for both the industry and Diginex. The Nasdaq crypto exchange listing demonstrates our commitment to bringing transparency and accountability to the digital assets industry.
Diginex is also the parent company of various crypto and blockchain focused entities such as the EQUOS.io exchange that offer features such as segregation of duties, portfolio margining, and cross-collateralization, which are not commonly available in the crypto exchange marketplace.