INX Limited has applied for listing of its digital security, INX Token, on the Canadian Securities Exchange (CSE).
INX is in the midst of a digital asset offering that is both a security and includes characteristics of a utility token. INX intends to launch a regulated digital asset platform for both trading and primary issuance.
Recently, INX signed an agreement to acquire Openfinance, a FINRA regulated broker-dealer and approved alternative trading system (ATS). INX launched the first SEC-registered digital security IPO for both retail and institutional investors – globally and domestically in the US.
The CSE is a proponent of exchange-listed digital securities and continues to work towards additional services in connection with the post-trade processes for these securities.
Richard Carleton, CEO of the CSE has stated that the CSE is “working hard towards listing solutions that cater to a rapidly changing and increasingly digitized capital markets environment. Digital securities represent a logical evolution in how investment instruments are constructed, issued, and traded on a regulated marketplace. It comes as no surprise that new product innovations are originating from Israel, where the culture of entrepreneurship and technical leadership are a perfect fit with our exchange.”
Shy Datika, Co-Founder and President of INX commented in a release:
“Digital securities represent new opportunities in regulated cross-border trading and multi-listings. It is a new era in capital markets where each listed security can be seamlessly traded on multiple exchanges providing much higher access to capital and liquidity for each trading asset.”
Datika recently told Crowdfund Insider that he expects volumes in security tokens will far eclipse those in crypto trading.
INX anticipates listing its digital security on other regulated exchanges and marketplaces.
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