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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.
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.