Blockchain-powered financial services firm Diginex launched its new Equos digital asset exchange earlier on 30th July.
The exchange will initially host cryptocurrency asset spot trading, with plans for “perpetual swaps, dated futures, options, and other derivatives products” to soon follow. The platform will support USD as well as the USD Coin [USDC] stablecoin at launch.
The spot exchange is licensed under an exemption to the Singapore Payment Services Act, with Diginex having also applied to become a ‘Major Payment Institution’ with the country’s regulator.
The platform also will facilitate interoperability with Diginex’s hot and cold digital asset custodian, Digivault, additionally to Diginex’s over-the-counter trading desk and forthcoming integrated derivatives trading venue, Diginex Access.
Diginex Merges With NASDAQ
Equos’ launch comes before Diginex’s merger with the NASDAQ-listed special purpose acquisition company, 8i Enterprises Acquisition Corp.
With the acquisition expected to possess been completed by the fourth quarter, Equos is slated to become the primary digital asset exchange listed within the U.S.
“This may be a pivotal moment for us to launch Equos.io before our transaction with 8i Enterprises Acquisition Corp,” said Diginex’s chief executive, Richard Byworth. “Our planned listing on Nasdaq is further testament to compliance, regulation, and transparency.”
Leveraging ‘Tbricks’ Solution
Earlier on 21st July, Diginex announced an expanded its collaboration with trading technology firm Itiviti to leverage its ‘Tbricks’ solution.
Tbricks offers automated risk, profit and loss, and portfolio management services to institutional clients.
Diginex will use Tbricks to launch Diginex Access, with the firm already leveraging Itiviti’s global order routing network.