EQONEX Limited announced that it had completed its first ever direct to custody over-the-counter (OTC) non-fungible token (NFT) trade. The deal is part of a new offering from the company that provides exclusive NFTs through a network of regulated partners and provides storage for the assets within Digivault, the UK's first standalone custodian to be FCA-registered under the crypto asset regime. The Bored Ape Yacht Club NFT was purchased through regulated Canadian brokerage Secure Digital Markets, one of EQONEX's partners, and deposited directly into Digivault.

The NFT is held in bank vaults alongside other Digivault crypto assets, diamonds, and silver. Many traditional investors have been put off purchasing NFTs due to the well documented scams, hacks and phishing attacks. In February, $1.7 million in NFTs were stolen following a phishing attack on OpenSea users, one of the large marketplaces for NFTs.