11:19:39 EDT Fri 22 Sep 2023
Enter Symbol
or Name

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INX Digital Company Inc (The)
Symbol INXD
Shares Issued 232,511,564
Close 2023-09-08 C$ 0.335
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INX Digital, SICPA launch Nabatech JV

2023-09-11 11:46 ET - News Release

Mr. Itai Avneri reports


The INX Digital Company Inc. has officially launched Nabatech, the joint venture created in partnership with SICPA, a pre-eminent global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.

The Swiss-incorporated joint venture uniquely combines decentralized ledger technology (DLT) infrastructure and digital identity technologies to fulfill critical central bank digital currency (CBDC) requirements -- from security and privacy to resilience and financial inclusion. This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies.

"As we witness over 80 per cent of the globe's central banks contemplating the introduction of central bank digital currencies, the urgency to deliver a concrete strategy to tap into the immense potential of digital currencies is palpable," commented Itai Avneri, deputy chief executive officer and chief operating officer of INX. "Collaborating with SICPA empowers us to deploy our comprehensive solution for wholesale and retail CBDC. Together, we are poised to champion the evolution of the global digital economy."

In this endeavour, INX's specialized CBDC and blockchain technologists will join forces with SICPA's digital team to create robust CBDC solutions and supporting ecosystems to fortify monetary sovereignty and amplify national GDPs (gross domestic products).

By intertwining their strengths, both entities anticipate setting new industry benchmarks in catering to central bank mandates concerning privacy, oversight, scalability, inclusion and programmability.

Phillipe Amon, CEO and chairman of SICPA, expressed: "Our commitment to every solution we present is grounded in ensuring efficiency, inclusivity, security, and fostering genuine and privacy-preserving transactions. By joining forces with INX in this venture, we remain steadfast in upholding these core principles for the CBDC solutions, enriching the spectrum of monetary tools accessible to central banks."

A long-standing trusted partner and adviser to central banks around the world, SICPA has robust expertise in authentication, identification and security solutions, strong digital capabilities, and extensive knowledge of the physical cash ecosystem that allows for the development of new innovative forgery-proof security features to protect monetary sovereignty.

INX has established itself as a pioneer in the tokenization of a diverse array of assets. INX is redefining the way today's companies and investors are interacting with, and investing in, the digital economy, by offering the leading, fully regulated trading platform for digital assets like security tokens, tokenized shares, cryptocurrencies and more.

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 financial technology 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. Its 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 Securities and Exchange Commission and Financial Industry Regulatory Authority.

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