The financial services company Diginex, powered by blockchain, launched its new Equos digital assets exchange 30th July.
At first, the trading of cash assets in the form of cryptocurrencies will take place on the stock exchange. Plans for “perpetual exchanges, dated futures, options and other derivative products” will follow shortly.. The platform will support the USD and the Stablecoins USD coin (USDC) at launch.
The cash exchange of assets is approved under one exception to the Singapore Payment Services Act. and Diginex has also applied to become a “large payment institution” with the country’s regulator.
The platform will also facilitate interoperability with Diginex’s Digivault online and offline custodian for digital assets. Next to the Diginex OTC Trading Desk and the next integrated derivatives trading center, Diginex Access.
Diginex is preparing for the merger
The launch of Equos marks the merger of Diginex with NASIQ-listed special purpose vehicle 8i Enterprises Acquisition Corp. ahead.
With the acquisition planned for the fourth quarter Equos will be the first listed digital asset exchange in the United States.
“”This is a crucial time for the introduction of Equos.io before our transaction with 8i Enterprises Acquisition Corp.“said Richard Byworth, CEO of Diginex.”Our planned Nasdaq listing is further evidence of compliance, regulation and transparency. “
Diginex extends its partnership with Itiviti
July 21st Diginex announced an expanded partnership with Itiviti, a trading technology company to use their “Tbricks” solution.
Tbricks offers automated services Risk, profit and loss and portfolio management for institutional clients.
Diginex uses Tbricks to start Diginex Access;; The company already uses Itiviti’s global order routing network.
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