Cryptocurrency custodian Digivault has put itself up for sale after its parent company Eqonex went into judicial administration in Singapore last week, CoinDesk reported, citing sources. Digivault, which was not involved in the liquidation process, is winding down operations after parent company Eqonex went into voluntary liquidation after the acquisition of payments firm Bitfinity, which is owned by cryptocurrency exchange Binance, hit a final hurdle. Digivault was one of the first cryptocurrency custodians to be licensed by the U.K.’s Financial Conduct Authority (FCA), and buyers will get staff, technology and, for a time, the anti-money laundering registration that comes with the business, people familiar with the matter said. People familiar with the matter said that many parties have expressed interest in acquiring Digivault, and there have been no layoffs.
Bitcoinist