INX combines security token and cryptocurrency trading platforms in one

INX combines security token and cryptocurrency trading platforms in one

Digital asset trading platform owner INX Digital on Thursday launched INX ONE, a single-entry platform that combines security token features with cryptocurrency exchanges.

The company described INX ONE as “the world’s first and only fully regulated platform for listing and trading both SEC-registered security tokens and cryptocurrencies.”

The new integrated platform will serve both institutional and retail investors, INX said, adding that the platform will be used to issue tokens.

“The unified and regulated center simplifies the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital,” the company said.

Shy Datika, CEO of INX, noted that the company pioneered a new era of investing in digital assets for both the lucrative primary and secondary markets.

The launch of INX ONE represents a pivotal moment in the evolution of the digital economy. Investors and issuers have never had the opportunity to bring their unique communities together into one structured global hub for digital assets on the blockchain,” Datika said.

Last year, INX launched the first digital security initial public offering (IPO) to be registered with the US Securities and Exchange Commission (SEC). The company raised $83.6 million from the sale of 92.9 million INX tokens.

INX in 2022

INX’s new record tracks the rise in new customer registrations made by the owner of a digital asset trading platform during the first quarter of 2022.

However, in its published financial statements for 2021, INX reported an adjusted net loss of $16.3 million and a cumulative loss of $215 million.

The cumulative loss accrues from a specific accounting liability to the market of $161.2 million from INX token holders and a token liability of $19.8 million.

A one-time cost of $6.8 million associated with its initial token offering and reverse merger, and contributed to the loss an additional $10.9 million from share-based payments.

In June, INX launched the official crypto app on the Apple App Store and Google Play Store. The company said that the app is designed to allow direct trading of cryptocurrencies on any mobile device.

In January, the company acquired Tokensoft Transfer Agent LLC, a SEC-registered transfer agent owned by Tokensoft, a technology platform for launching digital assets on the blockchain.

INX said the acquisition will enable it to provide a comprehensive service for securing digital securities.

Digital asset trading platform owner INX Digital on Thursday launched INX ONE, a single-entry platform that combines security token features with cryptocurrency exchanges.

The company described INX ONE as “the world’s first and only fully regulated platform for listing and trading both SEC-registered security tokens and cryptocurrencies.”

The new integrated platform will serve both institutional and retail investors, INX said, adding that the platform will be used to issue tokens.

“The unified and regulated center simplifies the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital,” the company said.

Shy Datika, CEO of INX, noted that the company pioneered a new era of investing in digital assets for both the lucrative primary and secondary markets.

The launch of INX ONE represents a pivotal moment in the evolution of the digital economy. Investors and issuers have never had the opportunity to bring their unique communities together into one structured global hub for digital assets on the blockchain,” Datika said.

Last year, INX launched the first digital security initial public offering (IPO) to be registered with the US Securities and Exchange Commission (SEC). The company raised $83.6 million from the sale of 92.9 million INX tokens.

INX in 2022

INX’s new record tracks the rise in new customer registrations made by the owner of a digital asset trading platform during the first quarter of 2022.

However, in its published financial statements for 2021, INX reported an adjusted net loss of $16.3 million and a cumulative loss of $215 million.

The cumulative loss accrues from a specific accounting liability to the market of $161.2 million from INX token holders and a token liability of $19.8 million.

A one-time cost of $6.8 million associated with its initial token offering and reverse merger, and contributed to the loss an additional $10.9 million from share-based payments.

In June, INX launched the official crypto app on the Apple App Store and Google Play Store. The company said that the app is designed to allow direct trading of cryptocurrencies on any mobile device.

In January, the company acquired Tokensoft Transfer Agent LLC, a SEC-registered transfer agent owned by Tokensoft, a technology platform for launching digital assets on the blockchain.

INX said the acquisition will enable it to provide a comprehensive service for securing digital securities.

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