Former Head of Binance UK Jonathan Farnell appointed CEO of
EQONEX
SINGAPORE, March 17, 2022 /PRNewswire/ -- EQONEX
Limited (NASDAQ: EQOS) ("EQONEX" or the "Company"), a digital
assets financial services company, and Bifinity
UAB ("Bifinity"), a payments technology company that is part
of Binance, took the next step in solidifying their strategic
partnership with the appointment of EQONEX's new CEO and two
new members to the EQONEX Board of Directors (the "Board").
Jonathan Farnell, who previously
served as Head of Binance UK and CEO of Bifinity, has been
appointed as CEO of EQONEX and a director on the Board.
Helen Hai, President of Bifinity,
has also been appointed to the Board. Both appointments are
effective immediately. The current interim CEO Andrew Eldon will revert back to his primary
roles of Chief Operating Officer and interim Chief Marketing
Officer.
Under the terms of the strategic partnership announced last
week, Bifinity had the right to nominate key appointments,
including the CEO and two new Board members. Bifinity will also
nominate two additional senior leaders in the coming
weeks.
As CEO, Jonathan will play an instrumental role in fast-tracking
the collaboration between both businesses. The initial phase of
this groundbreaking strategic partnership will put in place a
framework for Bifinity to safeguard some of its client assets with
EQONEX's FCA registered custodian, Digivault, in compliance with
all applicable regulatory requirements. Moving forward, Bifinity
will develop ways to leverage the EQONEX Exchange as an alternative
trading platform, deploy resources to strengthen the technology,
and also explore opportunities to scale the asset management
business.
Jonathan is a respected finance and crypto industry leader and
most recently held the roles of Head of Binance for the
United Kingdom and CEO of
Bifinity. With a strong compliance pedigree, Jonathan was involved
in developing the company's global regulatory license and
registration roadmap, which was crucial for the official launch of
Bifinity in early March 2022. Prior to that, Jonathan was
Director of Compliance and Board Member of eToro Money, an
FCA-regulated payments firm. He also headed operations and
sat on the Board at eToroX, the Group's crypto exchange and custody
platform
Helen is President of Bifinity and holds various senior
positions within the Binance organization including heading the NFT
and fan token platforms and the Binance Charity Foundation.
Helen is a respected global leader and a United Nations Industrial
Development Organization (UNIDO) Goodwill Ambassador. Helen founded
the Made in Africa Initiative that advised African governments on
industrialization and investments. She was also the Co-Founder of
C&H Garments, which was a pioneer Pan-Africa export-oriented
garments manufacturer. She is also a trained actuary with almost 20
years of experience working with FTSE100 companies.
Chi-Won Yoon, EQONEX Chairman
said, "We are delighted to welcome Jonathan to the EQONEX
management team and Helen to our Board. Their appointments mark the
next critical step in developing the Bifinity and EQONEX strategic
partnership. I look forward to working with them closely to
optimize our businesses and fulfil our joint vision to become a
bridge between the old world of traditional finance and
cryptocurrencies."
Jonathan Farnell, CEO of EQONEX
said, "EQONEX was one of the crypto industry's pioneering firms,
leading the sector towards greater regulatory compliance and
governance as a listed company. Now as we embark on this
groundbreaking industry partnership, it's particularly exciting to
join EQONEX as it approaches such an important inflection point in
its history."
"We can already see the strengths and capabilities that we can
harness between the two companies. EQONEX has an outstanding
regulatory and licensing track record and market-leading expertise
at identifying opportunities for institutions, which is most
clearly evident when looking at the Digivault business that
continues to attract institutions and law enforcement
agencies. Coupled with its asset management business and
exchange, the opportunity to create a full ecosystem by harnessing
Bifinity's technology, marketing clout and client base has the
potential to be transformative for the industry."
Jonathan added, "EQONEX and Bifinity share the same ethos and
vision to help create safe and compliant cryptocurrency ecosystems
for consumers and institutions across the world. I'm looking
forward to fostering true collaboration and productivity across
both businesses across both teams."
As part of these organizational changes, current board members
Andrew Eldon, EQONEX Chief Operating
Officer and interim Chief Marketing Officer, and Paul Ewing, EQONEX Chief Financial Officer will
step down from the EQONEX Board, effective immediately.
About EQONEX
EQONEX Limited (NASDAQ: EQOS) is a technology-driven digital
assets financial services group that provides institutional-grade
infrastructure and a full suite of trading, custody and asset
management solutions to clients. The Group's digital assets
ecosystem has been designed to accommodate the needs of
institutions and individuals with the same degree of regulatory
oversight and security they are accustomed to in traditional
financial markets. EQONEX's ecosystem primarily encompasses EQONEX
Exchange, a digital asset exchange; Digivault, a FCA accredited hot
and cold digital assets custodian and Bletchley Park Asset
Management, a fund of crypto-hedge funds.
For more information visit: https://group.eqonex.com/
Follow EQONEX on social media on Twitter @eqonex, on Facebook
@eqonex, and on LinkedIn.
About Bifinity
Bifinity, powered by Binance, is a payments technology company
that provides an entry point to the new world of digital currency
for businesses. It offers on-and-off-ramp solutions to empower
businesses to convert fiat-to-crypto transactions using major
payment methods directly.
For more information, visit: https://www.bifinity.com/.
Forward-Looking Information
Any forward-looking statements in this press release are based
on available current market material and management's expectations,
beliefs and forecasts concerning future events impacting
EQONEX. You are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, as well as assumptions, which, if they
were to ever materialize or prove incorrect, could cause the
results of EQONEX to differ materially from those expressed or
implied by such forward-looking statements. The
forward-looking statements made in this press release speak only as
of the date hereof and we disclaim any obligation, except as
required by law, to provide updates, revisions or amendments to any
forward-looking statements to reflect changes in our expectations
or future events.
Contacts
EQONEX
Press Contact:
Kristen Kaus
kristen.kaus@eqonex.com
Investor Relations:
Christian Arnell
ir@eqonex.com
Gateway Investor Relations:
Matt Glover or John Yi
eqonex@gatewayir.com
Binance
Press Contact:
pr@binance.com
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SOURCE EQONEX
