Diginex has raised $20 million in investments and is set to be the first company that also owns a cryptocurrency exchange to be listed on the Nasdaq.
This is revealed by Diginex itself, which explains how the target for the fundraising was set at $15 million. The investment round was conducted by institutions and families spread across Europe and Asia.
The funds raised will be handled by 8i Enterprises Acquisition Corp, already listed on the Nasdaq (JFK), which has guaranteed that €15 million will remain in its trust account without being released.
With the subsequent listing on the Nasdaq, Diginex aims to expand the number of investors.
The CEO of Diginex Richard Byworth explained:
“We are delighted to announce our successful raise of more than USD 20 million. This fundraise was an important initiative to ensure we are well capitalized to invest in our core businesses as we embark on our journey to become one of the world’s leading digital asset firms, and the first company to list in the U.S. with a crypto exchange. Importantly, it will help us meet certain listing requirements, paving the way for a successful business combination with 8i on Nasdaq in late September”.
James Tan, CEO of 8i Enterprises Acquisition Corp added:
“It is testament to the Diginex team and platform that we were able to see such traction with our investors. We believe that Diginex’s leading position in this rapidly growing and evolving asset class will offer a wide spectrum of investors an opportunity to invest in digital assets through the traditional markets, and therefore is an ideal acquisition for our company. We look forward to our shareholder vote on 15 September 2020 to approve the transaction”.
Nasdaq listing: what is Diginex all about?
Diginex is a blockchain-based financial services company focused on digital assets. The group owns:
- Equos, a crypto exchange and OTC,
- Diginex Access, a trading platform,
- Digivault, a custody service,
- the Bletchley Park Asset Management fund.
Equos is a crypto exchange for institutional investors and traders. One of its features is to offer a deep cold storage service for digital assets that provides protection against attacks.