SINGAPORE, Nov. 20, 2020 /PRNewswire/ -- Diginex Limited
(Nasdaq: EQOS) ("Diginex" or the "Company"), a digital assets
financial services company, held its inaugural Strategy Day for
investors and analysts on November
12th. During this virtual event, the Diginex leadership team
presented its product roadmap and its strategic priorities. The
event also featured a lively roundtable discussion between industry
experts on the key triggers required for the mainstream adoption of
digital assets, amid widening participation by both retail and
institutional investors.
Diginex Chairman Chi-Won Yoon
said: "As the first company with a crypto exchange to be listed on
Nasdaq, we take our responsibility seriously. We aim to
operate to the highest governance standards. Our leadership
team has deep financial expertise and we will leverage that
experience to bridge the divide that exist between digital assets
and traditional finance." Watch Mr. Yoon's opening remarks
here.
Shane Edwards, Head of Investment
Products at Diginex walked the audience through the evolution of
digital assets from the birth of Bitcoin, the evolving profile of a
typical digital asset investor, key players in the market today,
and emerging themes for the future.
He said: "This is a new world and understandably there has been
skepticism, but the technological advancements are far too profound
to ignore. Bitcoin has stood the test of time and we will see
increasing mainstream adoption from institutions. We are at the
cusp of a landmark opportunity in finance where the markets will be
revolutionized in the years ahead." Watch Mr. Edwards full
presentation here.
Diginex CEO Richard Byworth said
the company's vision was to "bring Digital Assets to the
world".
"This digital asset opportunity has been brought forward this
year with the advent of a global pandemic. Next year is going to
likely see significant acceleration in the value of Bitcoin and
broader digital asset adoption," he said.
It will be crucial for early adopting institutions to mitigate
reputational risk, said Mr. Byworth, and that the Diginex platform
was unique in offering a regulatory focused platform with the added
benefit of being listed on the world's premier technology focused
stock market. He said being listed "demonstrates a level of
transparency and governance that this industry has been
significantly lacking to date".
Mr. Byworth also outlined how the company was unlocking
opportunities in two key areas: product innovations and capital
markets; and that investors had the opportunity to gain exposure to
a whole digital assets financial services ecosystem. Watch his full
presentation here.
A deeper dive into the Company's product roadmap was presented
by Neil Sheppard, Chief Operating
Officer of Financial Services at Diginex. He emphasized the
importance of creating innovative products that appeal both to
crypto native investors as well as traditional finance
investors.
Mr. Sheppard gave a number of examples of how the Company is
achieving this, including its securitization capabilities, fair and
transparent liquidation process and the USDC/USD fungibility
offered by the Company's cryptocurrency exchange EQUOS.
"EQUOS has adopted a unique approach whereby users can determine
whether they wish to have their account denominated in US dollars
fiat currency or in USDC, our chosen settlement stablecoin. EQUOS
then effectively holds and manages user accounts in that currency
and trading is agnostic as to whether or not the account is held in
USD or USDC. This makes sure customers have the ability to deposit
assets onto the platform in a way that is simple but also based on
their own experiences, digitally native or not." Watch Mr.
Sheppard's full presentation here.
Diginex invited ITIVITI CEO Rob
Mackay for a spotlight session with Mr. Byworth. Diginex
announced a partnership agreement with ITIVITI early this year to
collaborate on its multi-venue trading platform Diginex Access.
ITIVITI is an order management and portfolio management solution
used by some of the world's largest institutions and family
offices. Mr. Byworth and Mr. Mackay analyzed the key drivers to
institutional adoption of digital assets and discussed how
important having infrastructure that connects seamlessly to
traditional systems would be for that to materialize. Watch the CEO
spotlight session here.
During a roundtable discussion moderated by David Nage, Principal, Strategic Relations at
Arca, industry experts including: Owen
Lau, Executive Director, Equity Research of Oppenheimer
& Co.; Alon Goren, Founding
Partner of Draper Goren Holm; Juan David
Mendieta Villegas, Co-Founder of Keyrock; and Maya Vujinovic, Head of Strategy at Diginex,
discussed in detail the future development of the digital asset
class.
This conversation covered wide ranging topics including what
mass adoption looks like, why are institutions focused on this
asset class now, key infrastructure advancements, decentralized
finance, lending and borrowing, and the impact of the new US
President on digital assets. Watch the roundtable here.
Finally, the Executive Committee of Diginex joined Mr. Byworth
in an 'Ask Me Anything' session to share insights from the
company's growth and journey to Nasdaq listing, and to articulate
the future ambitions of the Group, with a particular emphasis on
long-term growth in the institutional market. Watch the Ask Me
Anything session in full here.
About Diginex
Diginex is a digital assets financial services company focused
on delivering a cryptocurrency and digital assets ecosystem
offering innovative product and services that are compliant, fair
and trusted. The group encompasses cryptocurrency exchange EQUOS.io
as well as an over-the-counter trading platform. It also offers a
front-to-back integrated trading platform Diginex Access, a
securitization advisory service Diginex Capital, market leading hot
and cold custodian, Digivault and funds business Bletchley Park.
For more information visit: https://www.diginex.com/
Follow Diginex on social media on Twitter @DiginexGlobal, on
Facebook @DiginexGlobal, and on LinkedIn. Follow EQUOS.io on social
media on Twitter @EQUOS_io and on LinkedIn.
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results or outcomes to differ materially from the
forward-looking statements. Most of these factors are outside of
Diginex's control and are difficult to predict. Factors that may
cause such differences include, but are not limited to: the ability
to recognize the anticipated benefits of the business combination;
the ability of Diginex to grow and manage growth profitably;
Diginex's limited operating history and history of net losses;
Diginex's ability to execute its business plan; the inability to
maintain the listing of Diginex's shares on NASDAQ; Diginex's
estimates of the size of the markets for its products; the rate and
degree of market acceptance of Diginex's products; Diginex's
ability to identify and integrate acquisitions; potential
litigation involving Diginex or the validity or enforceability of
Diginex's intellectual property; general economic and market
conditions impacting demand for Diginex's products and services;
and such other risks and uncertainties indicated in Diginex's Shell
Company Report on Form 20-F, including those under "Risk Factors"
therein, and in Diginex's other filings with the SEC, which are
available on the SEC's website at www.sec.gov. In addition, any
forward-looking statements contained in this press release are
based on assumptions that Diginex believes to be reasonable as of
this date.
Diginex undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date of
this press release or to reflect new information or the occurrence
of unanticipated events, except as required by law.
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SOURCE Diginex Limited