12:29:39 EST Fri 02 Dec 2022
Enter Symbol
or Name

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INX Digital Company Inc (The)
Symbol INXD
Shares Issued 204,079,650
Close 2022-09-22 C$ 0.27
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INX Digital releases INX token, crypto trading platform

2022-09-22 16:38 ET - News Release

Ms. Shy Datika reports


The INX Digital Company Inc.'s security token trading platform and cryptocurrency trading platform have converged and are now offering a seamless and secure single point of entrance called INX One -- the world's first and only fully-regulated, end-to-end platform for listing and trading both SEC (Securities Exchange Commission) registered security tokens and cryptocurrencies. With INX One, institutional and retail investors can maximize opportunities to engage with digital financial instruments. INX One also provides a full suite of services for issuers looking to raise money through a security token offering.

"The launch of INX One marks a pivotal moment in the evolution of the digital economy. Never before have investors and issuers had an opportunity to bring their unique communities together on a single, regulated, global hub for digital assets on the blockchain," said INX's chief executive officer, Shy Datika. "By bringing together our security token trading platform with our cryptocurrency trading platform and primary offering services, INX is pioneering a new era of digital asset investing for both primary and secondary markets that benefits everyone -- not just a select few."

INX One builds on the company's mission to increase access for United States and international investors to the growing opportunities in the digital economy. Furthermore, the launch of INX One sets a global standard for effectively achieving democratization in financial markets, while simultaneously providing the necessary regulatory guardrails through close collaboration with U.S. and global regulators.

"INX One offers a truly unique user experience, where customers on-board once, fund their account with crypto or fiat, and are also able to seamlessly transfer between the different asset classes, including participating in security token offerings," said Itai Avneri, INX's deputy chief executive officer and COO (chief operating officer). "There are more than 300 exchanges in the world and INX One is the first and only platform that allows institutions and retail investors the opportunity to fully engage in the wealth of opportunities the digital economy offers."

For security token issuers, INX One is a true token-as-a-service (TaaS) platform designed for capital raise purposes. The unified, regulated hub streamlines the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital. An end-to-end solution for issuers, INX One issuance services include transfer agent, broker/dealer and ATS (alternative trading system) licences to raise capital and list the token for secondary trading, smart contract design, and marketing and promotion support. INX holds all of the necessary licences issuers need, along with a global team of experts to offer guidance along the way.

"INX One is a continuation of a journey that started with INX's initial public offering of the INX token and now includes a massive step forward in shaping the blockchain asset industry with an integrated and regulated environment with oversight from regulators like the SEC and FINRA [Financial Industry Regulatory Authority]. We see INX as a bridge between the legacy capital markets and their future," Ms. Datika added.

In 2021, INX became the first SEC-registered digital security IPO (initial public offering) -- closing with $83.6-million in gross proceeds from over 7,300 retail and institutional investors. 92.9 million INX tokens were sold in the IPO. INX continues to lead the industry in providing novel trading and capital raising financial instruments to enterprises and companies worldwide.

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. The company's journey started with its initial public token offering of the INX token, in which the company 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.

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 forward to Tier 1 banks in the future.

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