EQONEX completes its first "direct to custody" NFT trade with
Bored Ape purchase
SINGAPORE, May 24, 2022
/PRNewswire/ -- EQONEX Limited (NASDAQ: EQOS) ("EQONEX"
or the "Company"), a digital assets financial services company,
today announced that it had
completed its first ever direct to custody over-the-counter (OTC)
non-fungible token (NFT) trade.
The deal is part of a new offering from the company that
provides exclusive NFTs through a network of regulated partners
and provides storage for
the assets within Digivault, the UK's first standalone custodian to
be FCA-registered under the crypto asset regime.
The Bored Ape Yacht Club NFT was purchased through regulated
Canadian brokerage Secure Digital Markets, one of EQONEX's
partners, and deposited directly into Digivault. The NFT is held in
bank vaults alongside other Digivault crypto assets, diamonds, and
silver.
Jonathan Farnell, EQONEX CEO,
said, "There is strong demand for secure access to NFTs. By
utilizing our network of partners, we will in future also be able
to provide exclusive content to our clients. As well as providing
them with a best-in-class technology solution that gives the peace
of mind that their digital assets are safely held in our
FCA-registered custodian."
Many traditional investors have been put off purchasing NFTs due
to the well documented scams, hacks and phishing attacks. In
February, $1.7 million in NFTs were
stolen following a phishing attack on OpenSea users, one of the
largest marketplaces for NFTs.
Robert Cooper, Digivault CEO,
said: "Today's deal is significant because there was no point
in our process where the client
needed to take custody of the asset, which dramatically reduced
their risk of asset loss. We are creating a solution where clients
will, in time, be able to directly view their NFTs alongside their
crypto balances in the Digivault dashboard and know that the same
level of security is applied to their NFT collection as there is
for their BTC portfolio."
The NFT was part of the Bored Ape Yacht Club collection of 10000
unique Bored Ape NFTs— unique digital collectibles living on the
Ethereum blockchain.
ENDS
About EQONEX
EQONEX Limited (NASDAQ: EQOS) is a technology-driven digital
assets financial services group that provides institutional-grade
infrastructure and a full suite of trading, custody and asset
management solutions to clients. The Group's digital assets
ecosystem has been designed to accommodate the needs of
institutions and individuals with the same degree of regulatory
oversight and security they are accustomed to in traditional
financial markets. EQONEX's ecosystem primarily encompasses EQONEX
Exchange, a digital asset exchange; Digivault, a FCA accredited hot
and cold digital assets custodian and Bletchley Park Asset
Management, a fund of crypto-hedge funds.
For more information visit: https://group.eqonex.com/
Follow EQONEX on social media on Twitter @eqonex, on Facebook
@eqonex, and on LinkedIn.
Forward-Looking Information
Any forward-looking statements in this press release are based
on available current market material and management's expectations,
beliefs and forecasts concerning future events impacting
EQONEX. You are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, as well as assumptions, which, if they
were to ever materialize or prove incorrect, could cause the
results of EQONEX to 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 updates, revisions or amendments to any
forward-looking statements to reflect changes in our expectations
or future events.
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SOURCE EQONEX
