Blockchain
EQONEX Group Shareholders Vote to Change Name of Listed Entity to EQONEX Limited at AGM
Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced that its shareholders voted in favor of changing its corporate name to EQONEX Limited (‘the Company’). The Company’s Nasdaq ticker, EQOS will remain.
The change in name was approved by shareholders at the Company’s first annual general meeting (AGM). The decision represents the final step in the unification of the Company’s businesses under the EQONEX brand, following a rebrand which was initiated in June 2021.
The EQONEX brand brings a focus to the crypto ecosystem of companies that represent the EQONEX group, which comprise: EQONEX, a crypto spot and derivatives exchange, Digivault, a UK FCA registered crypto custodian, Bletchley Park, an asset manager, EQONEX Investment Products, a forthcoming investment products business, EQONEX Lending, a crypto borrowing and lending platform, Access Trading, a multivenue trading platform, and EQONEX Capital, which offers crypto securitization services.
The rebrand to EQONEX, follows the divestment of Diginex Solutions, the ESG blockchain solutions company, in May 2020.
Richard Byworth, CEO at EQONEX Group, said: “The change of our corporate name represents the last step in our efforts to align all our businesses under the EQONEX brand. We are delighted that a majority of our shareholders voted in favor of the move and continue to support us as we are poised to become a leader in digital asset financial services.”
As well as the vote in favor of changing the new corporate name, all of the resolutions submitted for shareholder approval were adopted including:
- The Directors’ Statement and the Singapore Statutory Consolidated Audited Financial Statements for the Company’s financial year ended March 31, 2021
- UHY Lee Seng Chan & Co. re-appointed as the Company’s statutory auditors
- Authority to the Company’s board of directors to allot and issue ordinary shares of the Company
- Authority to the Company’s board of directors to offer and grant equity compensation awards
- The notice period required for Board meetings to be reduced from 14 to 3 calendar days
Chi-Won Yoon, Chairman of EQONEX Group, said: “There have been a lot of positive developments since we listed on Nasdaq a year ago. The unique value proposition of our EQONEX ecosystem is gradually coming together to provide a full one-stop-shop for investors in this asset class. The fiscal year 2022 is set to be yet another exciting year and we look forward to delivering more value to our shareholders.”
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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