Apex Group has signed an agreement to provide corporate, administrative and trustee services to digital assets firm EQONEX’s Luxembourg platform.
The firm will also provide back-office administration support services reconciling the creation/sell activity for the notes issued.
This month, EQONEX launched its first Bitcoin Exchange-Traded Note (ETN) on the Deutsche Börse XETRA Exchange. The EQONEX physically backed Bitcoin ETN offers investors direct exposure to Bitcoin via an exchange-traded product.
Cornelia Wallner, global head of capital markets sales at Apex Group, said: “The 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.”
Frank Copplestone, EQONEX’s head of investment products, added: “We are striving to provide investors with access to regulated, high quality, digital asset investment opportunities. 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.”
Earlier this month, Apex was appointed as asset servicer by Foord Asset Management to support the firm’s expansion into the Australian market.
The administrator has also been winning multiple mandates in recent weeks, including deals from Encore Capital Management, DSG Consumer Partners and Octopus Investments Australia.