Diginex Raises $ 38 Million to Develop Crypto Derivatives Ecosystem

Hong Kong blockchain company Diginex will raise $ 38.6 million through the sale of 2.57 million shares to develop a line of cryptocurrency products, according to a press release.

Diginex has entered into a definitive agreement with a number of institutional investors to participate in a private placement. The company plans to sell 2,571,699 shares and warrants for a similar number of shares for $ 15 and an exercise price of $ 18.75 in three years.

Subject to the terms of the offer, the deal will close on January 13th.

In January, the EQUOS cryptocurrency exchange, operated by Diginex, added a perpetual Bitcoin contract to its listing.

The EQUOS ecosystem includes a regulated asset manager, cold and combined custody solutions, capital markets and securitization advisory services, and a trading platform.

Recall that at the end of 2020, Diginex became the first cryptocurrency exchange operator to be listed on the Nasdaq stock exchange.

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Karice Dabule

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