INX (company)
INX is an electronic platform for trading blockchain assets. In August 2020 the company became the first company to be cleared by the U.S. Securities and Exchange Commission (SEC) to issue a registered security token in its Initial public offering (IPO).
Overview
INX was founded in 2017 by Shy Datika, the President and controlling shareholder.
He was formerly the co-founder and CEO of Anyoption
and ILSBrokers.
On its board of directors is David Weild IV, previously vice chairman of NASDAQ.
The company is incorporated in Gibraltar and has three offices: in Israel, the U.S. and Gibraltar. It has two subsidiaries in Delaware: INX Services and INX Digital.
The company's initial public offering, which launched in August 2020
offers 130 million INX tokens to the public, based on an ERC-20 token standard, with a minimum investment of $1,000.
The INX token holders will be entitled to a 40% profit share of the company's net cash flow, not including revenues from the initial sale, but they won't be equity holders of the firm. The tokens have features of both utility and security tokens.
In October 2020 INX set to acquire broker-dealer and ATS Openfinance, subject to regulatory approvals. Openfinance raised 25 millions dollars since 2017 and it's valued between 40 to 70 million dollars.
Overview
INX was founded in 2017 by Shy Datika, the President and controlling shareholder.
He was formerly the co-founder and CEO of Anyoption
and ILSBrokers.
On its board of directors is David Weild IV, previously vice chairman of NASDAQ.
The company is incorporated in Gibraltar and has three offices: in Israel, the U.S. and Gibraltar. It has two subsidiaries in Delaware: INX Services and INX Digital.
The company's initial public offering, which launched in August 2020
offers 130 million INX tokens to the public, based on an ERC-20 token standard, with a minimum investment of $1,000.
The INX token holders will be entitled to a 40% profit share of the company's net cash flow, not including revenues from the initial sale, but they won't be equity holders of the firm. The tokens have features of both utility and security tokens.
In October 2020 INX set to acquire broker-dealer and ATS Openfinance, subject to regulatory approvals. Openfinance raised 25 millions dollars since 2017 and it's valued between 40 to 70 million dollars.
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