Crypto firm Diginex is listing on Nasdaq via a reverse merger

Hong Kong-based crypto and blockchain solutions firm Diginex is set to list on Nasdaq via a reverse merger deal.

Diginex is merging with 8i Enterprises Acquisition Corp, the Nasdaq-listed special purpose acquisition company, which will allow it to go public once the deal is completed in September.

The Diginex-8i deal was first announced in July 2019, and the listing was scheduled for this March, but it got delayed due to market meltdown from the coronavirus pandemic.

The U.S. Securities and Exchange Commission has now re-approved the listing, and Diginex shareholders will vote on it on September 15. After the voting, the current listing of 8i will become Diginex between September 20-23 and the 8i ticker, JFK, will also change.

Diginex CEO Richard Byworth said the upcoming Nasdaq listing is “further testament to our commitment to compliance, regulation and transparency.”

Founded in 2017, Diginex has today also launched its own crypto exchange called EQUOS.io, which will offer both spot and derivatives trading. The firm also operates an over-the-counter (OTC) crypto trading desk, Diginex Access, and a “hot and cold” custodian, Digivault.

EQUOS.io operates in Singapore under a temporary exemption from licensing under the country’s Payment Services Act. Diginex today said it has applied for a Major Payment Institution license from the Monetary Authority of Singapore, in line with current regulations.