Diginex has just signed a memorandum of understanding to acquire Findings for $305 million, combining equity and cash.
This deal helps Diginex expand services in the field of compliance automation while strengthening its position in the digital asset market with existing wallet and exchange products.
MAIN CONTENT
Diginex announces the acquisition of Findings with a total value of $305 million.
The payment method includes $270 million in equity and up to $35 million in cash.
Diginex manages both the EQUOS exchange and the Digivault custody wallet for security tokens.
What kind of company is Diginex and what are their services like?
Diginex is a digital financial services company listed on Nasdaq, specializing in providing products related to digital assets.
Currently, Diginex owns the cryptocurrency exchange EQUOS and Digivault – a custody wallet service registered specifically for storing security tokens, providing safe and compliant solutions for clients in a fast-growing market.
What are the highlights of the Findings acquisition?
Diginex has signed a memorandum of understanding to acquire Findings – a company specializing in compliance automation, with a total value of up to $305 million.
The payment method combines $270 million in equity and up to $35 million in cash, reflecting a strategy to expand technology services and enhance competitive positioning in supporting digital asset clients to meet legal regulations.
The integration of Findings will help Diginex enhance its capability to provide automation solutions for compliance, contributing to faster development of a safer and more transparent digital asset market.
Diginex representative, 2023
How does owning EQUOS and Digivault support Diginex?
The EQUOS exchange and Digivault custody wallet are Diginex's two core service areas, creating a comprehensive ecosystem for clients from trading to secure storage.
EQUOS ensures liquidity quality and efficient trading, while Digivault provides storage services that meet legal standards for security tokens, contributing to increased trust and user-friendliness in the digital asset system.
How does this deal affect the digital asset market?
Diginex's acquisition of Findings signals that the trend of integrating automation technology in compliance is becoming increasingly important for digital financial businesses.
This transaction helps create higher competitive capacity, reduce legal risks, and promote services that comply with global regulations, contributing to increased trust and transparency in the cryptocurrency market.
Frequently Asked Questions
Where is Diginex listed?
Diginex is a digital asset service company listed on the Nasdaq, USA, focusing on trading solutions and custody for security tokens.
How much is the Diginex acquisition of Findings worth?
The total value of the Findings acquisition is $305 million, consisting of $270 million in equity and up to $35 million in cash.
What field does Findings operate in?
Findings specializes in developing compliance automation technology, helping digital asset businesses operate more transparently and efficiently.
What roles do EQUOS and Digivault play?
EQUOS is a digital asset exchange while Digivault is a custody wallet for security tokens, creating a full ecosystem for clients.
What does this deal mean for the cryptocurrency market?
It helps enhance compliance efficiency, shorten processing times, and build user trust, promoting sustainable development in the market.
Source: https://tintucbitcoin.com/diginex-mua-findings-voi-gia-305-trieu-usd/
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