Alpha Sigma Capital (ASC) reports that it has purchased $3 Milion of EQX tokens – issued by EQIFI.
EQIFI operates EQIBank Limited, an entity that is licensed and regulated by the Financial Service Unit of the Commonwealth of Dominica. EQIFI describes itself as the only DeFi platform backed by a digital bank.
ASC is a digital asset fund investing in cryptocurrencies and blockchain companies. The purchase of the EQX tokens is part of a strategic relationship where the partners will create and offer “structured products” in the digital asset sector.
Enzo Villani, CEO of Alpha Sigma Capital stated:
“EQIFi is delivering more products and services than any other platform and simplifying the complex world of DeFi. ASC is working with senior management at EQIFi to launch specific DeFi enhanced structured products to generate significant yields with downside protection.”
Brad Yasar, CEO of EQIFi, explained that they expect accelerated institutional and corporate adoption of their existing DeFi products as well as “the creation of new ones.”
Some of the anticipated products include:
Yield Aggregator: Earn a Variable Yield, with zero effort.
Loans: Collateralized Fixed & Variable Loans.
EQIFi Card: Crypto Debit Card accepted in millions of locations
Deposits: Earn Fixed & Variable Interest.
Interest Rate Swaps: Swap Variable Rate Deposit to a Fixed one.
Peer-to-Peer Transfers: Send or receive crypto. Zero Fees.