NEW YORK, July 26, 2021 /PRNewswire/ — INX Limited (“INX”), the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, announces that the INX Token, which was previously offered in the world’s first public offering of a digital security registered with the US Securities and Exchange Commission (“SEC”), will be listed on the INX Securities trading platform at securities.inx.co on July 28th at 9:00am EDT.
In addition, INX announces it is reducing the trading fees on the INX Securities platform to only 0.2% for all digital securities listed on the platform, down from 2.5%.
INX’s vision is to be the preferred global regulated hub for digital assets on the blockchain, offering technology and related services for both primary and secondary markets. INX’s overall mission is to bring communities together and empower them with financial innovation. INX’s journey started with its initial public offering of the INX Token and continues with the development of regulated trading platforms for blockchain assets. INX is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.
Co-founder and CEO, Shy Datika commented, “This listing of our registered digital security, trading on the blockchain, makes history. Blockchain securities are the future, and INX is leading the way. In my opinion, digital security trading fees have been at ridiculously lofty levels in this space. For digital securities to gain true acceptance, they have to be accessible to all, with low fees.”
In April, INX closed its IPO 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 at a price of $0.90. It took INX over 950 days to bring the INX Token to market. It was then sold in a registered public offering and now finally opens for trading on its platform.
Since closing the IPO, the company has opened its cryptocurrency trading platform to the public and finalized its acquisition of Openfinance Securities, LLC (which has changed its name to INX Securities, LLC). It also purchased ILS Brokers, an interdealer broker, with $5 billion in monthly volume, to expand INX’s global institutional reach while focusing on lead generation, OTC trading, and the development of Bitcoin and Ethereum Non-Deliverable Forward contracts. In addition, the coming listing of the Japanese financial giant GMO Trust’s regulated Japanese Yen stable coin (GYEN) on the cryptocurrency trading platform further expands INX’s position in the growing blockchain ecosystem.
About INX Limited
INX Limited provides regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. INX is led by an experienced team of business, finance, legal and blockchain technology experts unified by the vision of redefining the world of capital markets via the leveraging of blockchain technology following a regulatory path.
Forward Looking Statements
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on behalf of INX Limited
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