Sources: FCA-licensed crypto custodian Digivault is up for sale, acquisition deal includes its crypto license in the UK

ChainCatcher news, according to a report by CoinDesk citing sources, cryptocurrency custodian Digivault has put itself up for sale after its parent company Eqonex entered judicial management in Singapore last week. Eqonex entered voluntary liquidation after encountering final hurdles in its acquisition deal with Bitfinity, a payment company under Binance. Digivault, which did not participate in the liquidation process, is currently gradually winding down its operations.

It is reported that Digivault is one of the first cryptocurrency custodians to receive a license from the UK's Financial Conduct Authority (FCA). According to informed sources, buyers will acquire employees, technology, and will have access to the company's anti-money laundering registration for a period of time. Sources indicate that multiple parties have expressed interest in acquiring Digivault, and there have been no layoffs. (Source link)