LondonAnd January 7 2022 /PRNewswire/- DigivoltThe digital asset custody business of EQONEX Limited (Nasdaq: EQOS) achieved a 30-fold increase in assets held in calendar year 2021, reflecting strong demand for certified and regulated crypto industry service providers.
The company now securely stores the assets of a growing list of clients including seasoned investors, family offices and fund managers as well as law enforcement agencies and governments through its strategic partnership with Asset Reality. In December, it also added to its list of world leading credentials with the addition of XRP to its assets under custody.
XRP is a digital asset whose origin is the XRP Ledger – an open source, unlicensed, decentralized blockchain technology that can settle transactions in three to five seconds. Digivault has developed capabilities to back up XRP in response to increasing customer demands for custodianship of the digital asset.
Digivault now supports over 50 digital assets including BTC, ETH, BCH, DOT, and XRP.
Robert CooperDigivault CEO, said, “The value of digital assets combined with the technology infrastructure that… He. She Support can no longer be ignored, as evidenced by the notable increases in cryptocurrency sharing we saw in 2021. But this increase in participation also highlighted the risks of security breaches and hacks. The growth of our business reflects this growing awareness by industry participants to be more discriminating in the selection of approved and regulated service providers.”
“In the coming year, we will maintain our focus on raising industry standards, raising awareness of ways to safely participate in the marketplace and by protecting our customers by continuing to expand the list of assets we can securely store for them.”
Digivault Business Highlights – Calendar Year 2021
Became the first independent custodian registered with the Financial Conduct Authority (FCA) under the Crypto Asset Scheme, and to be ISO27001 certified
A 30-fold increase in assets held, 8 percent of which is attributable to EQONEX Exchange customer accounts
It recorded a nearly 70-fold increase in transaction volume, with nearly 90 percent of this growth attributable to the EQONEX exchange.
Industry Partnerships Formed to Enhance Crypto Industry Security with Asset Reality
Became the first certified trustee with the ability to back Polkadot (DOT) in September, and XRP in December 2021.
Digivault operates to the highest industry security standards, using Hardware Security Modules (HSM) that are FIPS14-2 validated. The solution is Cyber Essentials Plus Certified (Department of Defense Approval) and IS027001 certified. Both Helios (Warm Solution and Kelvin (Cold Solution) and penetration testing to CREST certification standards.
Digivault also uses an improved certificate standard for public key delivery, multi-factor authentication, and a full backup/recovery system.
About Aconex Group
EQONEX Limited is a digital asset financial services company focused on equity, governance and innovation. The group includes the cryptocurrency exchange EQONEX as well as an OTC trading platform. It also offers an integrated trading platform, Access Trading, securitization advisory service EQONEX Capital, market-leading custodian Digivault, and Bletchley Park asset manager.
For more information visit: https://.group.eqonex.com.
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This press release is provided by EQONEX Limited (fka Diginex Limited “Eqonex”) for informational purposes only, is a summary only of certain major facts and plans of Eqonex and includes forward-looking statements that involve risks and uncertainties. Without limitation, this press release does not constitute an offer or solicitation in connection with any securities or other regulated products or services or to benefit from any services offered by Aconex, nor shall this press release or anything contained in it form the basis of any contract or commitment from which type. This press release has not been reviewed by any regulatory authority in any jurisdiction. Forward-looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual or results to differ materially from the forward-looking statements. Most of these factors are outside the control of Eqonex and are difficult to predict. Factors that may cause such differences include, but are not limited to: Eqonex’s limited operating history and net loss history; Aconex’s ability to implement its business plan; The rate and degree of market acceptance of Eqonex products; Not having the required regulatory licenses and qualifications or establishing partnerships with entities in certain jurisdictions to meet regulatory requirements; changes in laws or regulations; litigation and regulatory risk; Aconex’s inability to identify, hire and retain skilled individuals; Competition; Aconex’s inability to successfully develop technology to service its lines of business and keep pace with rapidly changing technology and customer or regulatory requirements; risks of cyber incidents; Reliance on third party vendors and service providers; inability to protect or maintain proprietary rights and risk of infringing the intellectual property rights of others; potential conflict of interest arising from the management of different lines of business; Risks of employee misconduct and manipulation of distributed ledger networks and smart contract technology by malicious actors; risk of Eqonex losing access to its private keys or loss of data related to digital asset investments; Aconex’s ability to grow and manage growth profitably; general economic and market conditions that affect the demand for Eqonex’s products and services; Risks of doing business in Hong Kong; and other line-of-business specific risks and uncertainties listed on Eqonex Form 20-F filed with the US Securities and Exchange Commission (“SEC”) regarding June 30, 2021, including those under “Risk Factors” here, and in subsequent filings of Eqonex with the Securities and Exchange Commission, available on the SEC website at www.sec.gov.
In addition, any forward-looking statements contained in this press release are based on assumptions that Eqonex believes are reasonable as of this date. Eqonex does not undertake 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 unforeseen events, except as required by law.
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