Luxembourg-based digital assets company EQONEX has selected Apex Group to provide corporate, administrative and trustee services.
The mandate comes after EQONEX launched a Bitcoin exchange-traded note (ETN) on Deutsche Börse’s XETRA Exchange, which 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 capital markets business supports transactions to facilitate growth, respond to regulatory change, or manage risk.
Speaking on the announcement, Cornelia Wallner, global head of capital markets sales at Apex Group, comments: “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 grow their product offering which will allow them to focus on building a cryptocurrency and digital assets ecosystem which is compliant, fair, and trusted by investors.”
Frank Copplestone, head of investment products at EQONEX, adds: “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.”
