INX Announces Agreement to Facilitate a Digital Security Token Offering for Trucpal, a Blockchain-Based SaaS Platform Through the INX Platform
Starting on July 25INX Securities, LLC, a member of FINRA and SIPC, will facilitate a primary raising of the first Digital Security Token for Trucpal, a blockchain-based SaaS platform serving the Chinese shipping market
NEW YORK, 20 July 2022 /PRNewswire/ — INX Digital Company, Inc. (NEO: INXD, INXATS: INX), the owner of blockchain-based trading platforms for digital securities and cryptocurrencies, announced that its subsidiary, INX Securities, LLC, will support HGC ( BVI) Info Tech Co. Ltd. (“HGC”), the owner of Trucpal, a blockchain-based SaaS platform serving the Chinese shipping market, in its upcoming Trucpal digital security token offering. The offering will be available to prospective US accredited investors as well as non-US investors who are starting out July 25th.
INX Securities, LLC offers new opportunities to raise capital under its broker-dealer license through the issuance of digital securities using the INX platform and the ability to list the same security on its alternative trading system (“ATS”) following holding periods and other regulatory rules. the requirements are met. After months of rigorous preparation and technology development, INX Securities, LLC will enable the offering of the Trucpal Digital Security Token through the INX platform.
Shy Datika, Founder and CEO of INX: “INX Digital Security Tokens were purchased by individual and institutional investors in 75 countries, raising $85 million. We are now excited to help other companies maximize their leverage potential, and among these, we are excited to bring HGC’s Trucpal capital raising to market. Their decision to raise capital with INX under US securities laws is a groundbreaking step. We are pleased to offer our global traders an opportunity to participate in this rapidly growing the company and the industry.”
Wendong ZhangFounder of HGC: “We are excited to partner with INX, the world’s first SEC-registered blockchain security IPO. HGC envisions the rapid development of blockchain technology and sees the token economy as the new paradigm in business development. Innovation aside, we also recognizes the importance of remaining compliant while democratizing the industry. With this goal, HGC offers the Trucpal Digital Security Token to the Trucpal ecosystem. The token can be widely used in various transactions within the trucking ecosystem in accordance with regulatory standards. We are seeking to motivate and maintain a loyal and thriving communities and fostering sustainable ecosystems.”
This material is provided for informational purposes and is not a solicitation or an offer to buy or sell any financial instruments. The information provided here is for general information purposes only and should not be regarded as an individualized recommendation or personal investment advice.
About The INX Digital Company, Inc.
The company is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional market expertise and an innovative fintech approach. INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX token that was raised 83 million dollars. INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators such as the SEC and FINRA.
In addition to operating two regulated trading platforms for blockchain assets, the company’s interdealer broker, ILS Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.
Safe Harbor Statement and Disclaimer
The Trucpal Digital Security Token offering is being made inside the United States to accredited investors in reliance on Regulation D of the Securities Act of 1933, as amended (“Securities Act”), pursuant to Rule 506(c) thereunder, or outside the United States to non-US persons in offshore transactions in reliance on Regulation S in the Securities Act. All non-US persons shall be deemed to have represented that they are eligible to purchase Trucpal Digital Security Tokens in accordance with the securities laws of their jurisdiction and, if applicable, that they qualify under the equivalent of an accredited investor under the securities laws of such jurisdiction . Investors will be subject to a lock-up period in connection with this offering which will limit their ability to lend, offer, pledge, sell, resell or otherwise transfer the shares issuable upon conversion of the Trucpal Digital Security Token for a period of 40 days for non-U.S. persons and one year for U.S. persons after the expiration date of the offer, subject to customary exceptions. This shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification in under the securities laws of such state or other jurisdiction. Investors should carefully consider the investment objectives, risks and investment time horizons before investing. The offer documents will contain important information about Trucpal and should be read carefully before investing in the security token.
This release contains forward-looking statements based on assumptions and reflects the company’s expectations, estimates and projections for future events. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, goals, objectives, targets, strategies, growth and prospects of the Company. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” and “measures,” “projects”, “forecasts” or variations (including negative variations) of such words and expressions, or state that certain actions, events or results “may”, “could”, “would”, “can” or “will” be taken , occur or be achieved.The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors beyond the Company’s control.
For more information
Consult:
INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: [email protected]
Carrie Rubinstein
Head of content and media
Email: [email protected]
SOURCE INX Digital Company, Inc.