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According to Coindesk, Eqonex, a Nasdaq-listed crypto financial services firm, filed a voluntary application with the High Court in Singapore to place the company into judicial management. In a Monday filing with the U.S. Securities and Exchange Commission, Eqonex said its Hong Kong-based entity, Diginex, has been placed into creditors’ voluntary liquidation and Eqonex Capital in Singapore is also expected to enter voluntary liquidation. Other units of the group, including Bletchley Park Asset Management and Digivault, are not in insolvency proceedings. Digivault, a custodian registered with the U.K.’s Financial Conduct Authority, will start a voluntary wind-down and will try to find an alternative solution. Eqonex closed its crypto exchange in August, citing extreme market volatility and declining trading volumes, saying it planned to focus on its asset management and custody.

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【Crypto financial services firm Eqonex files for voluntary debt restructuring in Singapore】According to Coindesk, Eqonex, a Nasdaq-listed crypto financial services firm, filed a voluntary application with the High Court in Singapore to place the company into judicial management. In a Monday filing with the U.S. Securities and Exchange Commission, Eqonex said its Hong Kong-based entity, Diginex, has been placed into creditors’ voluntary liquidation and Eqonex Capital in Singapore is also expected to enter voluntary liquidation. Other units of the group, including Bletchley Park Asset Management and Digivault, are not in insolvency proceedings. Digivault, a custodian registered with the U.K.’s Financial Conduct Authority, will start a voluntary wind-down and will try to find an alternative solution. Eqonex closed its crypto exchange in August, citing extreme market volatility and declining trading volumes, saying it planned to focus on its asset management and custody.

Crypto financial services firm Eqonex files for voluntary debt restructuring in Singapore

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