INX, a US-regulated broker-dealer, ATS, and transfer agent, has made history by listing the world’s first SEC-registered digital security, revolutionizing the crypto and investment industry. As part of a strategic partnership to maximize the growth of the global digital asset industry, Republic, a global financial firm operating a digital merchant bank and a network of investment platforms, has entered into an Investment Agreement with INX. Under this agreement, Republic will invest US$5.25 million in INX, owning approximately 9.5% of the issued and outstanding shares of the company.
The collaboration between INX and Republic extends beyond the investment. They have also entered into a Collaboration Agreement to build critical blockchain-based infrastructure, enhance existing trading solutions, and expand asset tokenization for primary and secondary markets. By leveraging their expertise and resources in both traditional finance (TradFi) and decentralized finance (DeFi), the two companies aim to introduce a wide range of compliant solutions that cater to the needs of both primary and secondary markets. They also seek to develop the underlying retail-focused infrastructure necessary to support the rapidly growing digital economy.
The partnership between Republic and INX marks a significant milestone in the evolution of finance. By joining forces, these leading fintech firms intend to democratize finance, offer a broader range of investment products to the retail public, promote financial inclusion and participation, and stimulate economic growth.
Shy Datika, CEO of INX, expressed their goal of nurturing and growing the global token economy by establishing the essential infrastructure to support its operations and create an exciting investment experience for individuals worldwide. Republic’s CEO, Kendrick Nguyen, emphasized the transformative potential of integrating INX’s digital trading infrastructure for financial markets with Republic’s expertise in primary distribution. Together, they aim to redefine the way capital is raised and empower institutional and retail investors globally.
The Investment Agreement between INX and Republic involves a combination of cash and shares, with the closing of the transaction expected to occur within 60 days, subject to regulatory approvals. Furthermore, the Collaboration Agreement outlines various initiatives to democratize finance, expand access to investment opportunities, and stimulate economic growth. These initiatives include INX offering tokenized asset services to Republic’s portfolio of companies and listing them for secondary market trading on the INX ATS, integrating INX’s comprehensive trading and conversion solutions for cryptocurrencies into the Republic ecosystem, incorporating Republic’s FX broker-dealer capabilities into the INX platform, listing the Republic Note for trading on the INX ATS, and integrating the INX trading platform with the Republic Wallet.
The strategic partnership between Republic and INX is a testament to their commitment to fostering innovation and driving the transformation of the crypto and investment industry. With their combined efforts, they aim to revolutionize the way financial markets operate and provide individuals worldwide with greater opportunities to participate in the digital asset economy.
For more information about INX and its trading and capital-raising financial instruments, visit their website at https://www.inx.co/. Details of the Investment Agreement and Collaboration Agreement can be found on the Company’s profile at www.Sedar.com.
About INX: INX is a leading provider of regulated trading platforms for digital securities and cryptocurrencies. Combining traditional markets expertise with a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial problems. The company is led by a team of experienced business, finance, and technology professionals who share a vision of redefining the world of capital markets through blockchain technology and regulatory compliance.
About The INX Digital Company, Inc.: The INX Digital Company, Inc. is the holding company for the INX Group, which operates regulated trading platforms for digital securities and cryptocurrencies. With a mission to be the preferred global regulated hub for digital assets on the blockchain, the INX Group is dedicated to bringing communities together and empowering them with financial innovation. The INX Group has demonstrated its commitment to shaping the blockchain asset industry by working in a regulated environment under the oversight of regulators like the SEC and FINRA. In addition to its trading platforms, the INX Group’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future.
About Republic: Headquartered in New York City, Republic is a global financial firm that operates an enterprise-focused digital merchant bank and a network of retail-focused investment platforms across multiple jurisdictions. Backed by prominent institutions such as Valor Equity Partners, Galaxy Interactive, Morgan Stanley, Hashed, and AngelList, Republic boasts a portfolio of over 1500 companies and a community of nearly 3 million members from over 100 countries. With more than $2 billion deployed through its investment platforms, funds, and affiliated firms, Republic has established operations in the US, the UK, the UAE, South Korea, and Singapore.