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Tuesday, January 26, 2021

Diginex gets listed on Nasdaq after a reverse merger

  • A well-known digital asset firm, Diginex, recently went through a reverse merger with 8i Enterprises.
  • The move allowed it to go public and get listed on Nasdaq.
  • The company’s public listing on a mainstream exchange will bring greater exposure to it and crypto alike.

Diginex, a digital finance firm, recently saw a massive, $20 million-large capital raise. On top of that, the company also went through a reverse merger, which resulted in its stock finally being listed on the Nasdaq stock exchange.

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Diginex’s arrival at Nasdaq holds major importance for the crypto industry. According to its CEO, Richard Byworth,  this is the first company to be listed on the exchange while covering a full crypto ecosystem.

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I think this is hugely important for the development of the industry. Prior to this, you’ve pretty much only had exposure to direct crypto assets via ETF-like structures,” he added.

The importance of Diginex getting listed

Diginex’s involvement with the crypto industry has been long and very deep. In fact, the company acts as a parent to numerous blockchain and crypto-focused entities. This includes a number of cryptocurrency exchanges, such as Digivault and Equos.

Thanks to the firm’s deep involvement in many different areas of the crypto world, Byworth thinks that it is a great way to invest in the crypto industry, overall. This is why it is so important for the company to get listed on a mainstream US stock market.

Diginex offers its own exchange, as well as asset management, a custody solution, and a multi-venue trading platform. On top of that, it is strongly involved with digital securities.

As mentioned before, the company recently went through a special-purpose acquisition company (SPAC) in order to go public and become listed. The SPAC in question is 8i Enterprises, which is already traded publicly.

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