Solid Block and INX Plan Listing of Real Estate Backed Securities Tokens

SolidBlock and INX Ltd. have announced plans to list SolidBlock’s real estate backed security tokens on the INX trading platform.

INX is a digital asset trading platform, as well as a token issuer. SolidBlock, based in Tel Aviv and NYC, is a tokenization platform.

According to a release, each individual token is backed by a property or collection of properties. Examples include:

  • London, England – Flexible investment in prime residential London-area real estate (rolling fund; market value – up to $26M)
  • Phuket, Thailand – Expanding a luxury resort destination in one of Asia’s hottest destinations (market value –  $12M)
  • New Haven, CT – Remodeling and conversion of a historic property in this Ivy League US town (market value – $5M)
    The listing on INX will provide SolidBlock with high accessibility to global investors and traders, all-year 24/7 trading,  real-time cap table management with visibility, and regulatory transparency, along with the ability to automate dividend distribution to SolidBlock investors.

INX Founder and President Shy Datika said that collaborating with SolidBlock to introduce real estate asset-backed digital securities to a wider audience will empower both of their companies while making the asset class more accessible to investors.

“We support INX’s commitment to operate a fully-regulated digital securities trading platform with SEC, FINRA, and other approvals,” said SolidBlock CMO Yael Tamar. “We like that they work with regulators and have built their platform from the ground up with regulatory compliance in mind.”

INX is in the process of a securities offering of INX tokens. The company is attempting to raise up to $117 million by selling 130 million INX tokens at a per digital asset price of $0.90.

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