The INX Digital Company, Inc. (NEO: INXD), the owner of crypto-asset trading platforms, is pleased to confirm that the firm’s common shares will begin trading on the Neo Exchange Inc., under the ticker symbol “INXD”.
The firm and its wholly-owned subsidiaries together form the “INX Group.”
As previously reported, the firm is the resulting issuer from the securities exchange transaction carried out on January 10, 2022 between INX Limited and Valdy Investments Ltd. “pursuant to an amended and restated securities exchange agreement dated November 3, 2021.”
Shy Datika, Chief Executive Officer stated:
“This is an exciting day for The INX Digital Company and for the broader digital asset industry. Our listing is a pivotal moment for the INX Group as we look to further accelerate our growth and expand our reach into new jurisdictions in the future. The INX Group was established by capital markets veterans to usher in the next evolution in capital markets. We believe that the traditional $120 trillion equities markets must evolve and we were the first SEC-registered initial public offering of a digital security and among the first companies to obtain regulatory clearance for digital assets securities issuance and trading.”
“The INX Group is positioning itself as a frontrunner in this potentially multi-trillion dollar market, seeking to attract both institutional and retail investors from around the world. Such historic paradigm shifts require the strongest of innovators to join forces and drive change. This is why we have chosen the NEO Exchange for listing. We believe the NEO Exchange to be an innovative leader in capital markets that seeks to take capital raising and trading to their next evolutionary level. Canadian financial institutions and funds in general, and the NEO Exchange as their beacon, have recognized early the potential of blockchain based assets.”
Investors are able to trade the firm’s shares via their typical investment channels including discount brokerage platforms as well as full-service dealers.
Additional information with respect to the firm and the transaction may be accessed via the company’s listing statement “dated January 17, 2022, which has been filed under the company’s profile at www.sedar.com.”
As covered, the firm is the holding company for the INX Group, which reportedly “includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach.”
As noted in a release shared with CI, the INX Group’s vision is to be “the preferred global regulated hub for digital assets on the blockchain.”
The INX Group’s goal is to “bring communities together and empower them with financial innovation.” Their journey began with their initial public token offering “of the INX Token in which it raised US$83 million.” The current market cap of INXD is CDN$183 million.
The INX Group says that it is “shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.”
In addition to operating regulated trading platforms for blockchain-based assets, the firm’s interdealer broker, I.L.S. Brokers, intends to provide non-deliverable cryptocurrency forwards to Tier-1 banking institutions in the foreseeable future.
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