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Diginex Raises $20M Ahead of SPAC Listing on Nasdaq

Diginex, the firm behind the newly launched EQUOS.io crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.

Updated May 9, 2023, 3:11 a.m. Published Sep 8, 2020, 3:50 p.m.

Diginex, the Hong Kong-based company behind the newly launched EQUOS.io crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.

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The funding was raised by way of a privately placed convertible note with institutions and family offices in Europe and Asia, according to a press statement.
EQUOS.io is expected to be the first publicly traded cryptocurrency exchange in the U.S.
“Importantly, [the funding round] will help us meet certain listing requirements, paving the way for a successful business combination with 8i on Nasdaq in late September,” Diginex CEO Richard Byworth said in a statement.
8i Enterprises is a special-purpose acquisition company (SPAC). SPACs are the backdoor IPO vehicles that are currently in vogue for tech companies going public.

Derivatives Exchanges Diginex SPACs

Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.