EQONEX launches its first crypto-linked exchange-traded product

EQONEX Bitcoin Exchange Traded Note (ETN) is launched on the Deutsche Börse XETRA Exchange today

• EQONEX physically supported Bitcoin ETN (Ticker: EQ1B) offers investors direct exposure to bitcoin via an exchange-traded product

• Investors can take advantage of free redemptions for the underlying bitcoin and low management fees

• Underlying Bitcoin is stored in EQONEX’s accredited depository provider, Digivault

FRANKFURT, Germany, July 11, 2022 / PRNewswire / – EQONEX Limited (NASDAQ: EQOS) (the group), a digital asset financial services company, today announced the official launch of its investment product business with the listing of a Bitcoin Exchange-Traded Note (ETN) on Deutsche Börse XETRA Exchange.

After approval from Germany The Federal Financial Supervisory Authority (BaFin) for the ETN prospect, EQONEX Bitcoin ETN is the group’s first exchange-traded product, with a pipeline of crypto investments and structured products earmarked for launch in the second half of 2022.

EQONEX Bitcoin ETN provides direct investment exposure to bitcoin via an exchange-traded, physically supported product. Investors can trade in and out of ETN via their existing brokerage accounts and will also have the benefit of being able to redeem the underlying bitcoin for free by using a Digivault depository. EQONEX Bitcoin ETN is only available to German-resident investors.

The bitcoin that forms the basis for ETN will be stored in the group’s registered custodian (FCA) Digivault, which is one of only 35 exchange or custodian providers that have this accreditation.

EQONEX CEO Jonathan Farnell said: “The launch of our first exchange-traded crypto investment product is an important milestone for EQONEX as we strive to build a world-leading and highly reliable crypto company. We are pleased that our prospect has met the discerning standards of BaFin to qualify for listing on XETRA the stock exchange. “

“Germany makes an ideal, strategic start-up platform for our investment product business, given its sophisticated and highly educated investment environment. We see the German market as a breeding ground for what is likely to be a growing range of EQONEX exchange-traded products, “said Jonathan.

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EQONEX is well positioned to offer an innovative range of investment and structured products given the company’s ecosystem that includes an exchange, custody functions and its focus on regulatory compliance and safety.

Frank Copplestone, EQONEX Head of Investment Products, said: “The launch of our investment product business is an important milestone for the company as we dedicate more attention and focus to delivering a wider mix of investment opportunities to our customers across the board. Germany and with time to other international markets, “said Frank.

“Investors are looking for a range of ways to access digital asset investment opportunities, so we are pleased to offer a product to German investors that provides direct bitcoin exposure and is available on a regulated, globally recognized exchange.”

Unlike some other issuers, EQONEX builds in additional investor protection by keeping the underlying physical bitcoin in a segregated account under a security manager, and ensuring that it is not used for re-mortgaging.

The bitcoin that forms the basis of EQONEX Bitcoin ETN is held in Digivault, which means that it has been chain analysis tested to ensure that it is legitimate and has not been soiled by money laundering or criminal activity.

About EQONEX

EQONEX Limited (NASDAQ: EQOS) is a technology-driven financial services group for digital assets that provides institutional infrastructure and a complete package of trading, custody and asset management solutions to customers. The group’s digital asset ecosystem is designed to meet the needs of institutions and individuals with the same level of regulatory oversight and security as they are accustomed to in traditional financial markets. EQONEX’s ecosystem primarily includes the EQONEX Exchange, a digital asset exchange; Digivault, an FCA-accredited hot and cold digital asset manager, and Bletchley Park Asset Management, a fund of crypto hedge funds.

For more information visit: https://group.eqonex.com/

Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex and on LinkedIn.

Future-oriented information

Any forward-looking statements in this press release are based on available current market material and management’s expectations, beliefs and forecasts regarding future events that affect EQONEX. You are warned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, should they ever materialize or prove to be inaccurate, could cause EQONEX’s results to differ materially. from those expressed or implied by such forward-looking statements. The forward-looking statements in this press release apply only as of the date hereof, and we disclaim any obligation, other than that required by law, to provide updates, revisions or changes to any forward-looking statements to reflect changes in our expectations or future arrangements .

SOURCE EQONEX