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INX (NEO:INXD) announces agreement to facilitate a digital security token offering

Cryptocurrency
NEO:INXD
20 July 2022 16:00 (EDT)

INX Digital subsidiary, INX Securities LLC, will support HGC (BVI) Info Tech (HGC) in its upcoming Trucpal digital security token offering.

The offering will be available for potential U.S. accredited investors, as well as non-U.S. investors commencing July 25th.

INX Securities LLC offers new opportunities for raising capital, under its broker-dealer license through the issuance of digital securities using the INX Platform and the opportunity to list that same security on its Alternative Trading System (ATS) after holding periods and other regulatory requirements are satisfied.

According to the company, following months of rigorous preparations and technology development, INX Securities will enable the offer of the Trucpal Digital Security Token through the INX Platform.

Shy Datika, Founder & CEO of INX, commented,

Photo courtesy INX Digital Company Inc.

“The INX Digital Security Tokens were bought by individual and institutional investors in 75 countries, raising $85MM. We are now happy to assist other companies in maximizing their raise potential, and among these, we are thrilled to bring HGC’s Trucpal capital raise to the market. Their decision to raise capital with INX under U.S. securities laws is a pioneering step. We are delighted to offer our global traders an opportunity to participate in this rapidly growing company and industry.”

The INX Digital Company, Inc. is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach.

The INX Group says it is “shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.”

INX Digital Company Inc. (INXD) is up 2.94 per cent to C$0.35 per share at 3:35 EDT.

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