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INX Digital Company begins trading on Neo Exchange

2022-01-24 09:52 ET - News Release

Mr. Shy Datika reports


Today, the Neo Exchange welcomes the INX Digital Company Inc. as the newest corporate listing partner on the Neo Exchange. INX is now available for trading under the symbol INXD.

Founded in 2017, INX aims to lead the evolution into blockchain-based trading and corporate finance. The company offered and issued the first U.S. Securities and Exchange Commission-registered initial public offering of a digital security and was among the first companies to secure regulatory clearance for the issuance and trading of digital securities. The management team of INX brings a proven record in regulated trading and capital markets, and board members include the former vice-chairman of the Nasdaq and a former senior executive of the TMXGroup, among other notable industry veterans. INX and its wholly owned subsidiaries are known collectively as the INX Group.

"This is an exciting day for INX and for the broader digital asset industry, " says Shy Datika, chief executive officer of INX. "Our listing is a pivotal moment as we look to further accelerate our growth and expand our reach into new jurisdictions in the future. The INX Group was established by capital markets veterans to usher in the next evolution in capital markets and we were the first SEC-registered initial public offering of a digital security. The traditional equities market must evolve."

Mr. Datika adds: "The INX Group is positioned as a frontrunner in the digital assets trading space, which we believe will become a multitrillion dollar market, seeking to attract both institutional and retail investors from around the world. Such historic paradigm shifts require the strongest of innovators to join forces and drive change. This is why we have chosen the Neo Exchange as our listing partner. We believe Neo to be an innovative leader in capital markets that seeks to take capital raising and trading to their next evolutionary level. Canadian financial institutions and funds in general, with the Neo Exchange as their beacon, have recognized early on the potential of blockchain-based assets."

Investors can trade shares of INX through their usual investment channels, including discount brokerage platforms and full-service dealers.

"We are honoured to welcome another forward-thinking, tech-centric company to the Neo Exchange that embraces true innovation as we do," commented Jos Schmitt, president and CEO of Neo. "With a highly skilled and capable global team, INX is a driving force of change, paving the way to unlock the potential of blockchain in a regulated form. As a trailblazer in the digital asset trading space, INX is poised for great success in the capital markets. We look forward to providing enhanced liquidity, greater investor awareness and exceptional service to support their next chapter of growth. And of course, as investors in a Neo-listed company, INX shareholders will benefit from less trading fragmentation, better quality of execution leveraging Neo's unique trading platform and enhanced transparency."

The Neo Exchange is home to almost 200 unique listings, including some of the most innovative Canadian and international growth companies, and exchange-traded funeds from Canada's largest ETF issuers. Neo facilitates close to 15 per cent of all Canadian trading volume.

About INX Digital Company Inc.

INX Digital is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. The company's journey started with an initial public token offering of the INX Token, which raised $83-million (U.S.). The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators such as the SEC and FINRA.

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