Diginex goes public on Nasdaq following special-purpose acquisition

Following a $20 million capital raise and reverse merger, digital finance company Diginex's stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is "The first Nasdaq-listed company that covers the full virtual currency ecosystem," Diginex CEO Richard Byworth told Cointelegraph in an interview.

Diginex is the parent of a number of different crypto and blockchain-focused entities, including crypto exchange Equos, and Digivault - the company's digital asset custody wing.

Diginex is involved in many areas of the crypto and blockchain space and Byworth believes it represents a way to invest in the overall crypto space via the mainstream U.S. stock market.

Diginex is like a modern-day pick and shovel company, according to Byworth.

In addition to its exchange, custody solution, asset management and multi-venue trading platform, Diginex also boasts involvement with digital securities.

Diginex took an indirect approach to going public as a listed company, going through a special-purpose acquisition company, or SPAC - a classification referring to "Blank-check companies that are formed for the purpose of merging or acquiring other companies," as explained in a TechCrunch article.

Diginex merged with 8i Enterprises, a SPAC that is already publicly traded.

As of the reverse merger and listing today, 8i Enterprises Acquisition Corporation now goes by the name Diginex.

Today essentially serves as the inaugural trading day for EQOS, formerly known under the ticker JFK. Diginex's public debut has been years in the making.

The U.S. Securities and Exchange Commission, or SEC, gave the reverse merger and public Nasdaq listing a green light in February 2020..