INX News
14 articles
growth-positive
60 מיליון דולר: החברה של היזם הישראלי עוברת לידיים אמריקניות
INX, founded by Israeli entrepreneur Shy Datika, is being acquired by American company Republic in a deal valued at approximately $60 million. The acquisition involves a $36 million cash payment and Republic shares worth up to $24 million. INX operates a dedicated exchange for trading digital securities and cryptocurrencies, holding extensive regulatory licenses. It was the first to publicly issue a cryptocurrency under an approved prospectus in the U.S. and is currently traded on the Canadian stock exchange. The transaction is expected to close within eight months, pending regulatory approvals in the U.S. and Canada.
Acquired-by
growth-positive
INX ONE LAUNCHES AS FIRST AND ONLY FULLY-REGULATED TRADING PLATFORM FOR BOTH SECURITY TOKENS AND CRYPTOCURRENCIES
The INX Digital Company, Inc. has announced the launch of INX ONE, a fully-regulated platform for listing and trading SEC-registered security tokens and cryptocurrencies. INX ONE aims to provide a seamless and secure user experience for institutional and retail investors, allowing them to engage with digital financial instruments. The platform also offers services for issuers looking to raise money through security token offerings. INX ONE is seen as a pivotal moment in the evolution of the digital economy, providing a global hub for digital assets on the blockchain. The companys mission is to increase access to the growing opportunities in the digital economy and set a global standard for democratization in financial markets.
CustomersPartnersInvestmentPublic Trading
growth-positive
חברת הנכסים הדיגיטליים INX תצא להנפקה בטורונטו, בשווי של 173 מיליון דולר כלכליסט
INX has received conditional approval from the Canadian stock exchange to enter through an existing stock framework, raising CAD 40 million. The company has also received approval for listing on the NEO Exchange in Toronto with a valuation of CAD 220 million. INX manages digital asset trading platforms in the US and merged with Valdy in April 2021. The entry into the NEO Exchange, along with being a public company in the US, will provide more exposure to a wider audience. Valdy will change its name to INX Digital company upon completion of the transaction. The final registration for trading is subject to certain conditions required by the NEO Exchange.
Investment
growth-positive
Former NYDFS Virtual Currency Chief Joins INX Limited As Deputy General Counsel
INX Limited has announced the appointment of Jonathan Blattmachr as deputy general counsel. Blattmachr will oversee the regulatory strategy of INX and its operating subsidiaries, further establishing INX as an operator of trusted digital asset trading platforms. INX aims to be the preferred global regulated hub for digital assets on the blockchain and has raised $83 million from its initial public offering (IPO). The company operates two regulated trading platforms for blockchain assets and works in a regulated environment with oversight from regulators like the SEC and FINRA.
Management Changes
growth-positive
INX Makes History With The Listing Of The World's First SEC-Registered Digital Security, Collapses Trading Fees
INX Limited announces that the INX Token will be listed on the INX Securities trading platform, and trading fees on the platform will be reduced. INX aims to be the preferred global regulated hub for digital assets and is working in a regulated environment with oversight from regulators like the SEC and FINRA. The company recently closed its IPO and raised $83.6 million in gross proceeds. It has also opened its cryptocurrency trading platform to the public, acquired Openfinance Securities, and purchased ILS Brokers. INXs position in the blockchain ecosystem is further expanded with the listing of GMO Trusts regulated Japanese Yen stable coin on its platform.
Public TradingPartnersAcquisition
growth-positive
Cryptocurrency platform INX raises $32m in Toronto
INX, an Israel cryptocurrency platform, raised C$39.6 million through a merger with Valdy Investments on the Toronto Stock Exchange (TSX). The companys shares will begin trading on the TSX once regulatory approvals are received. The successful offering comes after a postponed IPO in the US and a reduction in the planned raised amount. Shy Datika is the founder, controlling shareholder, and president of INX.
Public Trading
growth-positive
Valdy Investments Ltd. Announces Proposed Qualifying Transaction with INX Limited
Valdy Investments Ltd. has entered into a non-binding letter of intent with INX Limited regarding a proposed transaction to acquire all of the issued and outstanding securities of INX. The resulting entity will continue the business of INX and bring to market a prime trading and listing arena for digital assets. INX operates blockchain-based platforms for trading digital securities and cryptocurrencies. The transaction is subject to a binding definitive agreement and other customary conditions. Valdy Investments is a capital pool company and the transaction is intended to be its qualifying transaction. INX has recently entered into a definitive agreement to acquire Open Finance Securities LLC.
Acquisition
Diamond Standard Commodity and Token to List on INX
growth-positive
INX to Acquire Openfinance Securities, LLC
Blockchain-based platform INX Limited has signed a term-sheet for the acquisition of Openfinance Securities LLC, a registered U.S. broker-dealer with an alternative trading system (ATS). The acquisition includes Openfinance’s broker-dealer and ATS business, its systems, digital asset listings, client base and licenses. The move is aimed at bolstering INXs leadership position in the digital assets’ ecosystem. The acquisition is subject to the execution of definitive agreements, regulatory approvals, and other closing conditions.
Acquisition
growth-positive
Israeli co INX set for $117m security token IPO
Israeli blockchain company INX Limited is set to hold its IPO in the US, making it the first ever Security Token Offering (STO) supervised by the SEC. The company plans to issue 130 million INX Token coins, a security token based on Ethereum blockchain technology, with a maximum price of $0.9 per token. The IPO aims to raise up to $117 million. INX intends to establish a digital currency exchange called INX Trading Solutions, which will include platforms for trading cryptocurrencies and STOs. The IPO is a milestone for the blockchain industry, as it is the first STO issuance with SEC approval. INX Tokens will be categorized as securities allowed for trading in the US. The underwriter for the IPO is A-Labs Finance and Advisory, owned by Doron Cohen, who is also a founding partner of INX.
Public TradingExpand
growth-positive
INX looks for big crypto IPO - Warrior Trading News
INX is planning to proceed with an IPO, aiming to raise $117 million by offering 130 million INX tokens at $0.90 each. This would make it the largest IPO in the digital asset industry to date. The move towards IPOs in the cryptocurrency industry is seen as a shift from the previous trend of ICOs. Going public through an IPO provides companies with credibility and mainstream financial acceptance, which is valuable for attracting institutional investment. This marks a marker in how tech companies are embracing blockchain technologies. The article suggests that 2020 could be the year of the blockchain IPO.
Public Trading
growth-positive
Israeli cryptocurrency co INX in IPO roadshow
Israeli cryptocurrency company INX Ltd. plans to launch an initial offering of its digital currency, INX Security Token. This is the first time the SEC has permitted a company to raise capital from the public through an offering of a digital asset. INX plans to sell 130 million INX Security Tokens at $0.65-1.15 per token, potentially raising $84-150 million. The proceeds will be used for platform development, setting up a cash reserve, and financing activities. INX was founded in Gibraltar in 2017 and is led by Shy Datika. The main shareholder is Triple-V, a company owned by Datika.
Public Trading
growth-positive
Israeli co INX files for first-ever US SEC recognized ICO
Israeli cryptocurrency company INX Crypto and Derivatives plans to submit a prospectus for an initial coin offering (ICO) with approval from the US Securities and Exchange Commission (SEC). The offering will be regarded as a security and classified as an IPO. INX aims to raise $130 million through the offering of INX Tokens. The company plans to use the proceeds for R&D, management and general expenses, marketing and sales, regulation and legal expenses, and customer service and operations. INX is targeting professional investment institutions and plans to develop a platform for trading in blockchain assets, including digital currencies and derivatives. The companys success is dependent on the founders continued involvement. INX was founded in 2017 and is registered in Gibraltar but operates from Israel.
Public TradingInvestment
growth-positive
INX Limited Announces Confidential Submission to the SEC of Draft Registration Statement for a Regulated Coin Offering (RCO) of INX Tokens for the Development of an Exchange for Blockchain Assets and Their Derivatives
INX Limited has submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) for an initial public offering of the INX Token. The offering is part of the development of a regulated platform for trading blockchain assets and their derivatives. The number of tokens to be offered and the price range have not yet been determined. The proposed offering is expected to commence after the SEC completes its review process. The net proceeds will be used for the development of the INX Exchange and the establishment of a cash reserve fund to satisfy regulatory requirements.
Public TradingExpand
