INX combines security token and crypto trading platforms in one
INX Digital Company, owner of digital asset trading platforms, on Thursday launched INX ONE, a single entry platform that combines the features of its security token and cryptocurrency trading platforms.
The company described INX ONE as “the world’s first and only fully regulated end-to-end platform for the listing and trading of both SEC-registered security tokens and cryptocurrencies.”
The new integrated platform will serve institutional and private investors, INX said, adding that the platform will also be used for token issuance.
“The unified, regulated hub streamlines the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital,” the company said.
Shy Datika, INX’s CEO, noted that the company pioneered a new era of digital asset investment for both primary and secondary markets that was profitable for all.
“The launch of INX ONE marks a pivotal moment in the evolution of the digital economy. Never before have investors and issuers had an opportunity to bring their unique communities together on a single, regulated, global hub for digital assets on the blockchain,” said Datika.
Last year, INX launched the first public offering (IPO) of a digital security registered with the US Securities and Exchange Commission (SEC). The firm raised $83.6 million from the sale of 92.9 million INX tokens.
INX in 2022
INX’s new record follows the increase in new customer registrations that the owner of the digital asset trading platform recorded during the first quarter of 2022.
However, in its published 2021 financials, INX reported an adjusted net loss of $16.3 million and a cumulative loss of $215 million.
The cumulative loss adds up from an accounting liability of $161.2 million from INX token holders, and a token warrant liability of $19.8 million.
A one-time cost of $6.8 million related to the initial token offering and reverse merger, and an additional $10.9 million in stock-based payments also contributed to the loss.
In June, INX launched its official crypto app on the Apple App Store and Google Play Store. The company said the app was designed to allow easy cryptocurrency trading on any mobile device.
In January, the company acquired Tokensoft Transfer Agent LLC, which is an 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 offer end-to-end digital securities insurance services.
INX Digital Company, owner of digital asset trading platforms, on Thursday launched INX ONE, a single entry platform that combines the functions of its security token and cryptocurrency trading platforms.
The company described INX ONE as “the world’s first and only fully regulated end-to-end platform for the listing and trading of both SEC-registered security tokens and cryptocurrencies.”
The new integrated platform will serve institutional and private investors, INX said, adding that the platform will also be used for token issuance.
“The unified, regulated hub streamlines the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital,” the company said.
Shy Datika, INX’s CEO, noted that the company pioneered a new era of digital asset investment for both primary and secondary markets that was profitable for all.
“The launch of INX ONE marks a pivotal moment in the evolution of the digital economy. Never before have investors and issuers had an opportunity to bring their unique communities together on a single, regulated, global hub for digital assets on the blockchain,” said Datika.
Last year, INX launched the first public offering (IPO) of a digital security registered with the US Securities and Exchange Commission (SEC). The firm raised $83.6 million from the sale of 92.9 million INX tokens.
INX in 2022
INX’s new record follows the increase in new customer registrations that the owner of the digital asset trading platform recorded during the first quarter of 2022.
However, in its published 2021 financials, INX reported an adjusted net loss of $16.3 million and a cumulative loss of $215 million.
The accumulated loss is aggregated from an accounting liability of $161.2 million from INX token holders, and a token warrant liability of $19.8 million.
A one-time cost of $6.8 million related to the initial token offering and reverse merger, and an additional $10.9 million in stock-based payments also contributed to the loss.
In June, INX launched its official crypto app on the Apple App Store and Google Play Store. The company said the app was designed to allow easy cryptocurrency trading on any mobile device.
In January, the company acquired Tokensoft Transfer Agent LLC, which is an 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 offer end-to-end digital securities insurance services.
