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Wednesday, September 22, 2021
Home News Ahead Of Nasdaq Listing,. Diginex Successfully Completes Us$20m Capital Raise

Ahead Of Nasdaq Listing,. Diginex Successfully Completes Us$20m Capital Raise

Digital asset financial services company, Diginex Limited, has successfully closed a privately placed Convertible note, raising more than USD $20 million in advance of its planned listing on Nasdaq in September 2020.

The investment round was led by several institutions and family offices across Europe and Asia. The capital raised highlights the level of institutional investor interest for both digital assets and the full digital ecosystem offered by Diginex.

Richard Byworth, CEO at Diginex, said:

“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., said:

“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.”

· Upon a successful listing, Diginex’s crypto exchange EQUOS will be the first with a parent listed on a United States stock exchange

· Diginex raises more than USD 20 million in a convertible note, upsized from an initial target of USD 15 million

· 8i (Nasdaq: JFK) believes it will exceed a minimum USD 15 million trust account commitment

In applicable agreements, 8i Enterprises Acquisition Corp, the Nasdaq-listed company (Nasdaq: JFK), agreed to ensure that a minimum USD 15 million will not be redeemed from 8i’s trust account.

Upon expected completion of the business combination at the end of September 2020, the combined company will offer investors the opportunity to participate in the growth of this emerging asset class via the public markets.

Diginex brings together a comprehensive ecosystem of financial services for digital assets, comprising the recently launched cryptocurrency exchange EQUOS.io, digital asset trading technology platform Diginex Access, securitization advisory firm Diginex Capital, digital asset custody provider Digivault and the investment management business Bletchley Park Asset Management.

Diginex is a digital asset financial services and advisory company focused on delivering innovative products, architecture, and infrastructure to foster the mainstream adoption of the digital asset class. The group encompasses cryptocurrency exchange and over-the-counter (OTC) trading operations EQUOS.io, a front-to-back integrated trading platform Diginex Access, market-leading hot and cold custodian Digivault, and funds business Bletchley Park Asset Management. For more information visit: https://www.diginex.com/

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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