EQONEX Limited and Bifinity UAB 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. Jonathan Farnell, who previously served as Head of Binance UK and CEO of Bifinity, has been appointed as 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. As CEO, Jonathan will play an instrumental role in fast-tracking the collaboration between both businesses.

The initial phase of this 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. 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.

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. As part of these organizational changes, current board members Andrew Eldon, EQONEX Chief Operating Officer and interim Chief Marketing Officer will step down from the EQONEX Board, effective immediately.