INX Ltd, a blockchain-based global trading platform for digital securities and cryptocurrencies, expects to raise $125 million in security token and equity offering.
According to the release, The first SEC-registered token IPO closed with an estimated $85 million in proceeds from more than 7200 investors. That adds to INXs previously closed the private token sale of $7.5 million and pending equity offering in Canada raised C$39.6
INX is the world’s first company to complete a security token (INX) offering registered with the U.S. Securities and Exchange Commission. INX plans to offer cryptocurrency and digital securities trading.
Shy Datika, INX Co-founder and the president said in a release: “When we found INX in 2017 we envisioned new future of what called ‘Capital market 2.0.’ we are well-positioned to execute on our vision to shape future capital with new and exciting financial instruments based on blockchain and digital assets.”
“I am proud to share that we have now achieved these goals we have received a commitment for over $ 125 million in proceeds resulting from our successful sale over 100 million INX token and CA $39.6 million private placement ahead of our TSXv equity listing.”
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Investors paid 54% in cryptocurrencies like BTC, ETH, and USDC and 46% in USD for tokens.
A-Labs Advisory and Finance Ltd. advised the token offering outside the US. PI Financial and Eight capital managed The Private Placement in Canada.
