EQOS - EQOS STOCK NEWS

EQONEX has launched its first Bitcoin Exchange-Traded Note (ETN) on the Deutsche Börse XETRA, allowing direct bitcoin exposure for investors. The ETN, physically backed and designed for German-resident investors, offers advantages like free redemptions and low management fees. The bitcoin is securely stored with accredited custodian Digivault. This launch marks a significant milestone for EQONEX in the digital asset market, following the approval from Germany's BaFin regulatory authority. EQONEX plans to expand its investment products to other markets in the future.

Digivault, a part of EQONEX (NASDAQ: EQOS), announced the appointment of Greg Vosper as Chief Commercial Officer on June 23, 2022. Vosper will spearhead business development, partnerships, and sales strategy for Digivault, collaborating closely with CEO Robert Cooper to drive growth. Vosper's prior experience includes roles at Zodia Custody and CME Group, highlighting a strong background in the sector. He noted that crypto Assets Under Custody have surged 600% since 2019, presenting significant market opportunities. Digivault aims to enhance its digital asset custody solutions with regulatory compliance.

EQONEX Limited (NASDAQ: EQOS) has unveiled its strategic plan for 2022, focusing on three key areas: Custody, Asset Management, and Exchange and Trading. The company aims to enhance its high-security digital asset custody solution, expand its asset management products, and create a robust licensing framework for its exchange. The digital asset custody market has grown 600% since 2019, with assets under custody reaching $233 billion. EQONEX also reported significant trading activity from institutions, validating its strategy for a regulated digital asset platform.

EQONEX Limited (NASDAQ: EQOS) has successfully executed its inaugural direct to custody NFT trade, acquiring a Bored Ape NFT through a regulated Canadian broker. This transaction is part of EQONEX's new service that includes NFT storage in Digivault, the UK's first FCA-registered crypto custodian. The trade addresses concerns around NFT security, offering clients peace of mind with their digital assets held securely. CEO Jonathan Farnell highlighted the rising demand for safe NFT transactions, emphasizing their commitment to delivering exclusive content and technology solutions to investors.

EQONEX Limited (NASDAQ: EQOS) announced the appointment of Daniel Ling as Chief Financial Officer, effective immediately. This change is part of a strategic partnership with Bifinity. Concurrently, Paul Ewing, the former CFO, has been promoted to Chief Operating Officer. Daniel Ling brings over 27 years of experience from various financial institutions. EQONEX aims to leverage these management changes to enhance its position in the digital asset market and focus on institutionally-focused crypto products.

EQONEX Limited (NASDAQ: EQOS) has appointed Almira Zejnilagic Cemmell as Chief Corporate Affairs Officer and member of the Executive Committee as part of its partnership with Bifinity. This strategic move aims to enhance business transformation and leverage synergies from the partnership. Cemmell will drive the development of institutional-grade digital asset solutions. Her background includes roles at Bifinity and FTI Consulting. Chairman Chi-Won Yoon praised her experience in strategic transformations, highlighting the potential for substantial value creation in the crypto sector.

EQONEX Limited (NASDAQ: EQOS) announced the appointment of Jonathan Farnell as CEO and two new Board members, part of a strategic partnership with Bifinity, a payments technology company under Binance. Farnell, previously Head of Binance UK, will focus on enhancing collaboration and implementing compliance frameworks to protect client assets. This partnership aims to leverage EQONEX's infrastructure and Bifinity's technology, enhancing trading platforms and asset management services.

EQONEX Limited (NASDAQ: EQOS) partners with Capitalise.ai to enhance trading capabilities for clients. This collaboration provides EQONEX users with access to a suite of advanced tools, including automated trading strategies and real-time alerts, designed for both novice and seasoned traders. Capitalise.ai's no-code platform allows users to create trading scenarios in English, enabling a broader trading experience. EQONEX clients can utilize these features without additional costs, leveraging AI and machine learning for efficient trade execution.

EQONEX Limited (NASDAQ: EQOS) has entered a strategic partnership with Bifinity UAB, a payments technology company associated with Binance. This partnership includes a US$36 million convertible loan from Bifinity to EQONEX, which will enhance their business synergies and potentially lead to further collaboration. Bifinity will have the right to appoint executives at EQONEX and nominate members for its Board of Directors. The focus will be on utilizing Digivault, strengthening the EQONEX Exchange technology, and expanding Bifinity's reach through EQONEX's licensing.