By Chris Wack

Eqonex shares were up 16% to $5.03 Tuesday after the company said it significantly expanded its international sales team with strategic hires to meet exponential growth in institutional demand for digital assets.

The company said it has recruited Alex Phillips as group head of sales. Mr. Phillips joins Eqonex from Dymon Asia Capital.

Eqonex said it also appointed Malcolm Baker as head of group sales for the European region, and Matthew Allott as asset management head of sales, overseeing asset management sales. Bjorn Rosendahl has joined Eqonex as the head of sales for custody.

Eqonex shares ended Monday's session up 21% after the company said its Eqonex crypto exchange has listed the Polkadot token on its platform.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

10-26-21 1054ET