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EQONEX appoints Apex for its first crypto-linked exchange-traded product

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Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform EQONEX Limited, a digital assets financial services company.

Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform EQONEX Limited, a digital assets financial services company.

Apex 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.

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