News

Trading platform INX raised $125 million in equity

INX is a blockchain-based global trading platform for digital securities and cryptocurrencies. On Monday, the company stated to have raised around $125 million in a security token and equity offering.

The company said that it had received more than 7,200 institutional and retail investors in its first-ever public offering of security tokens. The tokens amounted to $85 million. Previously, the company held a closed private token sale of $7.5 million and a pending equity offering in Canada. In that offering, the company raised $32.2 million.

The company is originally based in Gibraltar, Iberia and handles its operations in the United States. In August last year, the company launched the first security token IPO for both retail and institutional investors approved by the U.S Securities and Exchange Commission.

INX’s co-founder and President Shy Datika said in a telephone interview with Reuters,

“We believe that we will see more and more companies going our way and issuing security tokens, regulated tokens, supervised by regulators. We went through the SEC route, and we will see more regular shares moving to the blockchain.”

INX’s trading platform is up and running for the company’s investors, friends and family. The platform will soon be available to the public later this month. The company is planning to enable both crypto and security token trading on its platform. It is also planning to add capital-raise listings for these digital assets.

Leave a Comment

Your email address will not be published. Required fields are marked *

Close Bitnami banner
Bitnami