Mr. Alan Silbert reports
THE INX DIGITAL COMPANY ANNOUNCES U.S. LISTING ON OTCQB EXCHANGE UNDER SYMBOL INXDF
The INX Digital Company Inc.'s common shares will commence trading on Tuesday, Aug. 2, 2022, on the United States-based OTCQB operated by OTC Markets Group Inc., under the symbol INXDF. INX's common shares will continue to trade on the NEO Exchange ("NEO") under the symbol INXD, and the INX Tokens, which are issued by INX's subsidiary INX Limited, will continue to trade on the INX Securities ATS under the symbol INX. Additionally, INX has also received approval from the Depository Trust Company ("DTC") to make INX's shares eligible to be electronically cleared and settled through DTC.
Extending access to equity investors beyond the NEO Exchange, this latest step in INX's journey will boost INX's liquidity and support further growth. The new listing on an American financial market will create convenient access for U.S. investors and provide institutional and retail investors worldwide with the opportunity to trade in INX shares on an additional marketplace.
Alan Silbert, CEO, North America commented, "We are excited to list on the OTCQB to be able to increase INX's visibility to a wider audience through enhanced liquidity in our stock and additional capital markets access. This additional exposure to institutional and retail investors in the U.S. and worldwide should support INX's further growth and give millions of investors easier access to INX's shares. DTC eligibility also gives our shareholders a dependable, cost-effective, and suitable method for the clearing and settling of our shares."
INX seeks to increase opportunities for investors to access company offerings through new capital markets. This additional listing is an important step that will support INX's future growth and expansion and facilitate access to new U.S. and international investors.
About The INX Digital Company, Inc.
INX 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. Our journey started with our initial public token offering of the INX Token in which we raised US$83 million. 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.
In addition to operating two regulated trading platforms for blockchain assets, INX's interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future.
We seek Safe Harbor.
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