To raise its $117M IPO, INX is using the token listings on the exchanges around the world

Having raised up to $10M out of the total $117M so far, INX hopes to will have raised it by the end of the year.

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INX is extending its IPO (initial public offering) with listings on the exchanges around the globe.

This digital asset trading platform, INX has asked the Canadian Securities Exchange (CSE) to have its security token listed and this request demands the CSE’s confirmation as it was announced on October 30 by INX.

According to INX’s representatives, this is not the only exchange that they wish to have their token listed but certainly it’s the first. َAccording to Cointelegraph, an INX spokesperson said that “This will provide dramatically higher access to capital and liquidity on a global scale, impacting the legacy equity way of the stock exchanges of the world,”.

Its CEO believes that they are working hard in order to present new solutions as response to the dynamic and fast-changing environment of the digital capital markets.

"Digital securities represent a logical evolution in how investment instruments are constructed, issued, and traded on a regulated marketplace."

We can argue that INX is having a unique IPO as it’s the only case which has been verified by the Securities and Exchange Commission of the US. INX has set another record in terms of being the first have the SEC approval so as to offer its token to institutional and retail investors. They offer INX to investors around the globe who are subject to the regulations of those locations, an INX spokesperson said to Cointelegraph.

Expecting to finish the IPO by the end of 2020 has created a challenge for INX as $117M is a large sum. After raising more than $10M, they know that there is still a mountain to climb.

Since September 10, and for its IPO, INX has been accepting major cryptocurrencies such as Bitcoin and Ether.

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Cryptocurrency exchange

Initial Public Offering (IPO)

cryptoasset

Tags

Cryptocurrency exchange

Initial Public Offering (IPO)

cryptoasset