INX Digital Secures $5.25 Million Investment By Republic
Key Points:
- INX Digital and Republic are collaborating to develop blockchain-based infrastructure and extend asset tokenization in main and secondary markets.
- Republic will invest $5.25 million in INX at a pre-money value of $50 million as part of a recently announced arrangement.
Republic, a global financial firm operating a digital merchant bank and a network of investment platforms, has entered into an agreement with the INX Digital Company, a US-regulated broker-dealer, ATS, and transfer agent, to build blockchain-based infrastructure and expand asset tokenization for primary and secondary markets.
Additionally, INX Digital and Republic have entered into a partnership agreement under which the parties will endeavor to broaden and deepen tokenization infrastructure and access to digital assets for investors globally.
Republic will invest $5.25 million in INX Digital at a pre-money value of $50 million as part of a transaction announced on Monday. Republic would possess about 9.5% of INX’s outstanding shares after the deal, the businesses said in a statement.
Republic and INX have also agreed to engage in a non-binding term sheet outlining a transaction in which Republic would purchase 100% of INX Digital’s common shares for up to $120 million.
Republic and INX Digital have formed a collaboration based on common ideals and a commitment to the democratization of finance across global markets.
Both companies are poised to introduce a wide range of compliant solutions that cater to both primary and secondary markets while also building the underlying retail-focused infrastructure to support the needs of a thriving digital economy by combining their expertise and resources in TradFi (traditional finance) and DeFi (decentralized finance).
“Our goal is to nurture and grow the global token economy by establishing the necessary infrastructure to not only support its operations but to also curate an investment experience that excites investors from all over the world. Through our collaboration with Republic as a strategic investor, we are creating a fertile environment for both traditional and digital assets to thrive,” Shy Datika, CEO of INX Digital, said.
Republic Group and INX’s partnership marks a watershed point in the growth of finance. The two prominent fintech businesses want to accelerate the democratization of finance, introduce a broader choice of investment products to the general public, increase financial inclusion and participation, and drive economic development via their synergistic relationship.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
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INX Digital Secures $5.25 Million Investment By Republic
Key Points:
- INX Digital and Republic are collaborating to develop blockchain-based infrastructure and extend asset tokenization in main and secondary markets.
- Republic will invest $5.25 million in INX at a pre-money value of $50 million as part of a recently announced arrangement.
Republic, a global financial firm operating a digital merchant bank and a network of investment platforms, has entered into an agreement with the INX Digital Company, a US-regulated broker-dealer, ATS, and transfer agent, to build blockchain-based infrastructure and expand asset tokenization for primary and secondary markets.
Additionally, INX Digital and Republic have entered into a partnership agreement under which the parties will endeavor to broaden and deepen tokenization infrastructure and access to digital assets for investors globally.
Republic will invest $5.25 million in INX Digital at a pre-money value of $50 million as part of a transaction announced on Monday. Republic would possess about 9.5% of INX’s outstanding shares after the deal, the businesses said in a statement.
Republic and INX have also agreed to engage in a non-binding term sheet outlining a transaction in which Republic would purchase 100% of INX Digital’s common shares for up to $120 million.
Republic and INX Digital have formed a collaboration based on common ideals and a commitment to the democratization of finance across global markets.
Both companies are poised to introduce a wide range of compliant solutions that cater to both primary and secondary markets while also building the underlying retail-focused infrastructure to support the needs of a thriving digital economy by combining their expertise and resources in TradFi (traditional finance) and DeFi (decentralized finance).
“Our goal is to nurture and grow the global token economy by establishing the necessary infrastructure to not only support its operations but to also curate an investment experience that excites investors from all over the world. Through our collaboration with Republic as a strategic investor, we are creating a fertile environment for both traditional and digital assets to thrive,” Shy Datika, CEO of INX Digital, said.
Republic Group and INX’s partnership marks a watershed point in the growth of finance. The two prominent fintech businesses want to accelerate the democratization of finance, introduce a broader choice of investment products to the general public, increase financial inclusion and participation, and drive economic development via their synergistic relationship.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
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