Diginex’s Corporate Wind-Down Enters Procedural Phase
28.01.2026 - 04:11:07The corporate entity formerly known as Diginex, which last operated under the EQONEX brand, remains entangled in a multifaceted liquidation process. With its core operational business effectively dissolved, there is no traditional enterprise left to value. For remaining shareholders and creditors, the focus has narrowed exclusively to the specifics of the court-supervised administration and the decisions made by the appointed officials overseeing the dissolution.
The company’s shares were delisted from major exchanges, including the Nasdaq, in 2022, halting normal price discovery through market mechanisms. This development reflects broader turbulence within the digital asset sector, which has seen numerous providers exit the market in recent years through restructurings, closures, or insolvency proceedings.
Regular corporate events—such as quarterly earnings releases, financial forecasts, or annual general meetings—are no longer applicable given the advanced state of wind-down.
Legal Proceedings Dictate the Timeline
The current phase is defined by legal and administrative procedures initiated in late 2022. The company petitioned for a court-supervised administration process in Singapore while simultaneously commencing voluntary liquidation for its Hong Kong-based entities. This dual-jurisdiction framework now governs how any remaining assets are secured, assessed, and ultimately distributed.
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A pivotal hearing in Singapore occurred in mid-2025, specifically addressing the treatment of customer-held cryptocurrencies within the liquidation. The legal interpretation of how these client funds are classified is crucial for determining the distribution of the estate’s remaining value.
Stakeholder Dependence on Official Updates
For involved parties, only formal communications from the court-appointed administrators or liquidators carry material significance. Relevant information is now confined to:
* Official statements regarding the status of asset realization.
* Notices concerning specific procedural milestones in the wind-down.
* Court rulings affecting the administration process.
In the absence of such updates, the valuation of residual assets remains static, and the situation for investors is effectively unchanged. The outcome for stakeholders is now directly tied to procedural advancements within the Singapore and Hong Kong liquidation processes.
Conclusion: A Matter of Procedure
Diginex (EQONEX) has reached a point where its wind-down is purely procedural. No substantive change in circumstances is expected without new rulings or announcements from the courts and appointed officers. The process has entered its final administrative stages, with legal formalities outweighing any commercial considerations.
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