Tag: Eqonex Capital

As recently as March 2022, Binance announced a strategic partnership with Singapore-based Eqonex Group and granted a $36 million convertible loan. In February, Eqonex had reportedly become the first crypto company to receive a listing on NASDAQ via a SPAC construction. Eqonex also has an FCA-registrated custody arm, Digivault Limited. It looked like a promising partner for Binance. Now the group seems to be a victim of crypto contagion. Binance has stopped funding it.

The Nasdaq-listed digital asset financial services venture EQONEX Limited announced the launch of its BaFIN-approved USD-denominated Bitcoin Exchange-Traded Note (ETN) available on the German XETRA Exchange. In July, they already launched a Euro-denominated ETN, providing direct investment exposure to bitcoin via an exchange-traded product. Investors can trade in and out of ETNs via their existing brokerage accounts with Euro or USD. EQONEX is part of the Binance Group of companies.