Primary Issuance: INX to Issue Trucpal Security Token

The INX Digital Company (NEO: INXD) will enable an online funding round for Trucpal, a blockchain-based SaaS platform serving the Chinese freight market.

The digital security offering will commence next week with the token, then trading on the INX marketplace, a regulated alternative trading system (ATS). The security will be available to international and US accredited investors.

INX Securities leverages its broker-dealer license for primary issuance of digital securities using the INX Platform and the to list the security on its ATS  after holding periods and other regulatory requirements are satisfied.

Shy Datika, founder & CEO of INX, stated:

“The INX Digital Security Tokens were bought by individual and institutional investors in 75 countries, raising $85MM. We are now happy to assist other companies in maximizing their raise potential, and among these, we are thrilled to bring HGC’s Trucpal capital raise to the market. Their decision to raise capital with INX under U.S. securities laws is a pioneering step. We are delighted to offer our global traders an opportunity to participate in this rapidly growing company and industry.”

Wendong Zhang, founder of HGC – the owner of Trucpal, said they are excited to collaborate with INX, adding that they view the token economy as a new paradigm for business development:

“Innovation aside, we also recognize the importance of remaining compliant while democratizing the industry. With this goal, HGC is offering the Trucpal Digital Security Token to the Trucpal ecosystem. The token can be widely used in different transactions within the trucking ecosystem in compliance with regulatory standards. We are seeking to motivate and sustain a loyal and thriving community and promote ecosystem sustainability.”

Specifics on the digital security offering were not provided.

 

 


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