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INX Digital Company Inc (The)
Symbol INXD
Shares Issued 204,079,650
Close 2022-07-19 C$ 0.34
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INX to facilitate HGC's Trucpal security token offering

2022-07-20 10:46 ET - News Release

Ms. Shy Datika reports

INX ANNOUNCES AGREEMENT TO FACILITATE A DIGITAL SECURITY TOKEN OFFERING FOR TRUCPAL A BLOCKCHAIN-BASED SAAS PLATFORM THROUGH THE INX PLATFORM

The INX Digital Company Inc.'s subsidiary, INX Securities LLC, will support HGC (BVI) Info Tech Co. Ltd., the owner of Trucpal, a blockchain-based SaaS (software-as-a-service) platform serving the Chinese freight market, in its upcoming Trucpal digital security token offering. The offering will be available for potential United States accredited investors as well as non-U.S. investors starting July 25.

INX Securities offers new opportunities for raising capital, under its broker dealer license through the issuance of digital securities using the INX platform and the opportunity to list that same security on its alternative trading system (ATS) after holding periods and other regulatory requirements are satisfied. Following months of rigorous preparations and technology development, INX Securities will enable the offer of the Trucpal digital security token through the INX platform.

Said Shy Datika, founder and chief executive officer of INX: "The INX digital security tokens were bought by individual and institutional investors in 75 countries, raising $85-million. We are now happy to assist other companies in maximizing their raise potential and, among these, we are thrilled to bring HGC's Trucpal capital raise to the market. Their decision to raise capital with INX under U.S. securities laws is a pioneering step. We are delighted to offer our global traders an opportunity to participate in this rapidly growing company and industry."

Said Wendong Zhang, founder of HGC: "We are excited to collaborate with INX, the world's first SEC [Securities Exchange Commission] registered IPO [initial public offering] of blockchain security. HGC envisions the rapid development of blockchain technology and views the token economy as the new paradigm in business development. Innovation aside, we also recognize the importance of remaining compliant while democratizing the industry. With this goal, HGC is offering the Trucpal digital security token to the Trucpal ecosystem. The token can be widely used in different transactions within the trucking ecosystem in compliance with regulatory standards. We are seeking to motivate and sustain a loyal and thriving community and promote ecosystem sustainability."

About The INX Digital Company Inc.

The company 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 the company's initial public token offering of the INX token, in which it 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 like the SEC and FINRA (Financial Industry Regulatory Authority).

In addition to operating two regulated trading platforms for blockchain assets, the company's interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forward to Tier 1 banks in the future.

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