Apex Group appointed by EQONEX for its first crypto-linked exchange-traded product
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces that it has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform of EQONEX Limited (NASDAQ: EQOS) a leading digital assets financial services company.
EQONEX is a technology driven digital assets financial services group operating an ecosystem which 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.
Apex Group has been appointed by EQONEX to provide SPV administration and trustee services to EQONEX’s Luxembourg platform. Apex will also provide back-office administration support services reconciling the creation/sell activity for the notes issued. The services will be delivered by a team of professionals with extensive experience of delivering services to a wide range of structures, throughout the vehicle’s life cycle from incorporation to liquidation.
This month, EQONEX launched its first Bitcoin Exchange-Traded Note (ETN) on the Deutsche Börse XETRA Exchange. The EQONEX physically backed Bitcoin ETN (Ticker: EQ1B) offers investors direct exposure to Bitcoin via an exchange-traded product and the benefit of free redemptions for the underlying Bitcoin and low management fees.
Apex Group’s established Capital Markets business supports clients planning and executing a broad cross-section of Capital Markets transactions to facilitate growth, respond to regulatory change, or manage risk. The Group’s single-source solution provides a full range of operational, accounting and administration services as well as trustee and agency services to support conventional or complex structured debt capital markets, escrow and loan market transactions from initial set-up to maturity.
Cornelia Wallner, Global Head of Capital Markets Sales at Apex Group comments: “We are pleased to support EQONEX, a pioneering business which is at the forefront of the growing digital assets industry. This appointment is yet further evidence of Apex’s forward-looking approach, innovative architecture and adaptable full-service model, which enables the Group to provide corporate, administrative and trustee services to support this dynamic new asset class. We look forward to continuing to work with EQONEX as they further grow their product offering and allow them to focus on building a cryptocurrency and digital assets ecosystem which is compliant, fair, and trusted by investors.”
Frank Copplestone, EQONEX Head of Investment Products said: “We are striving to provide investors with access to regulated, high quality, digital asset investment opportunities. We are delighted to work with Apex to bring our first ETN product to market with more to follow. Apex shares our commitment to excellence, and we have been impressed by their specialist knowledge and ability to deliver a service locally which is tailored to our specific needs for this platform.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and nearly 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
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/