INX Debuts Trading Platform for SEC-Registered Security Tokens and Cryptocurrencies

INX Debuts Trading Platform for SEC-Registered Security Tokens and Cryptocurrencies

CoinDesk - Unknown

Michael Bellusci is CoinDesk’s crypto payments reporter.

The INX Digital Company has created a platform intended to allow trading of Securities and Exchange Commission-registered security tokens along with various cryptocurrencies.

Dubbed INX One, the product will be open to both retail and institutional investors, and will also include services for issuers seeking to raise capital via a security token offering.

In 2021, INX was the first company to complete a security token offering that was registered with the U.S. Securities and Exchange Commission (SEC), with its INX token issuance raising $85 million from more than 7,200 investors.

SEC Chairman Gensler Tells CoinDesk: Crypto Platforms Have an Obligation To Register

0 seconds of 25 minutes, 39 secondsVolume 90%

PlayIcon

“By combining our security token trading platform with our cryptocurrency trading platform and primary offering services, INX is pioneering a new era of digital asset investing for both primary and secondary markets that benefits everyone – not just a select few,” company CEO Shy Datika said in a statement.

Datika, along with Deputy CEO Itai Avneri, told CoinDesk that INX is focused on developing a platform that offers individuals and institutional investors ease of access to crypto and security token offerings. The firm stressed that regulatory supervision and transparency with clients is crucial for the success of the platform and industry. INX will not be listing any speculative tokens, the executives added.

In May, the company named Galaxy Digital veteran Renata Szkoda as chief financial officer. INX has built a roster of TradFi and fintech individuals to combine expertise moving forward, Datika told CoinDesk. The company’s board includes David Weild, former vice chairman of Nasdaq, and Thomas K. Lewis, former CEO of a predecessor company to TD Ameritrade.


Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Michael Bellusci is CoinDesk’s crypto payments reporter.

CoinDesk - Unknown

Michael Bellusci is CoinDesk’s crypto payments reporter.

View Original Article

Free weekly Newsletter

A weekly breakdown of forecasts and trends

Enter your contact info to get The Financial Gambits VIP Newsletter for FREE.

We hate spam as much as you, if you dont like it just unsubscribe and we will never bother you again