EQONEX expands its investment product offering with multi-currency Exchange-Traded Notes


USD slice of EQONEX Bitcoin Exchange Traded Note
(ETN) is available on Deutsche Börse XETRA Exchange from today

  • Physically-backed EQONEX USD Bitcoin ETN (Ticker: EQ1C) offers investors direct exposure to bitcoin through an exchange-traded product
  • Investors will benefit from free redemptions for the underlying bitcoin and low management fees
  • The underlying bitcoin is stored with EQONEX’s accredited custody provider, Digivault

FRANKFURT, Germany, September 16, 2022 /PRNewswire/ — EQONEX Limited (NASDAQ: EQOS) (the Group), a digital asset financial services company, is expanding its investment product offering with a USD-denominated Bitcoin Exchange-Traded Note (ETN) available on the Deutsche Börse XETRA Exchange from today.

The USD-denominated EQONEX Bitcoin ETN follows in the footsteps of the inaugural Euro-denominated version launched in July. EQONEX has received ETN prospectus approval from germany Federal Financial Supervisory Authority (BaFin) and has a roadmap to offer a suite of exchange-traded crypto products in the near future.

EQONEX Bitcoin ETNs provide direct exposure to bitcoin investments through an exchange-traded and physically backed product. Investors can trade ETNs through their existing Euro or US Dollar brokerage accounts. The bitcoin underlying the ETN will be stored at Digivault, the group’s Financial Conduct Authority (FCA) registered custodial provider, which is one of 35 exchange or custodial providers to hold this accreditation.

Frank Copplestone, Head of Investment Products at EQONEX, said: “We were delighted to offer our first Euro-denominated Bitcoin ETN earlier this year. For many, USD remains a default investment currency, so we were eager to prioritize a USD version that also carries our distinctive benefits such as free redemptions and secure custody.”

“Exchange-traded products provide investors with a familiar access point to gain exposure to new asset classes such as bitcoin and we look forward to developing a multi-currency offering.”

Distinct from some other issuers, EQONEX incorporates additional investor protection by holding the underlying physical bitcoin in a segregated account under a security trustee structure, ensuring that it is not used for rehypothecation.

The bitcoin that underpins the EQONEX Bitcoin ETN is held in Digivault, which means it’s tested to ensure it’s legit and hasn’t been tainted by money laundering or fraud. criminal activities.

Flow Traders BV will register with Deutsche Börse to act as a designated sponsor of EQONEX, which requires meeting certain strict quality criteria regarding tradable volumes and bid-ask spreads.

About EQONEX

EQONEX Limited (NASDAQ: EQOS) is a technology-driven digital asset financial services group that provides institutional-grade infrastructure and a full suite of custody and asset management solutions to its clients. The Group’s digital asset ecosystem has been designed to meet the needs of institutions and individuals with the same degree of regulatory oversight and security that they are accustomed to in traditional financial markets. EQONEX’s ecosystem includes Digivault, an FCA-registered custodian, Asset Management which encompasses investment products, and Bletchley Park, a crypto-hedge fund. EQONEX also offers OTC and lending services and a soon to be launched structured products business.

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

Forward-looking information

All forward-looking statements in this press release are based on current market information and management’s expectations, beliefs and forecasts regarding future events affecting EQONEX. You are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions which, if they were to materialize or prove incorrect, could cause the results of ‘EQONEX differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof, and we disclaim any obligation, except as required by law, to provide any updates, revisions or changes to any forward-looking statements in order to to reflect changes in our expectations or in the future. events.

EQONEX SOURCE

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