INX Limited announces timetable for listing of world’s first SEC-registered security token

Karthik Subramanian

INX Limited, the Gibraltar-based company that owns blockchain-based trading platforms for digital securities and cryptocurrencies, has announced that its INX token will be listed in July.

USA

The INX token would be SEC-registered digital security and would be listed on the Openfinance Securities ATS which is their digital securities trading platform.

The token was scheduled to be listed earlier but the listing data has been pushed to July to bring in more customers, liquidity and also to upgrade the platform for the additional volume that is expected.

Shy Datika, President of INX, commented, “We are excited to list as soon as possible. We have a team diligently working to enhance the technology and onboarding experience to meet strong customer demand. We very much appreciate the community’s enthusiasm and patience.”

“This extended timeframe will additionally allow us to onboard more customers to the platform, which we believe will be a welcome outcome for all users of the platform.”

It may be remembered that the company has raised more than $100 million in its security token and equity offering in May. It was the first security token IPO approved by the SEC and both retail and institutional traders and investors participated in this round. Security tokens, unlike the normal tokens, are backed by a tradable asset like real estate or equity and it is tightly regulated as well which gives it a lot of trustworthiness.

Though this was the first such IPO for security tokens, many companies are expected to take this lead and push for such tokens and IPOs as these are the ones that are likely to be recognized by the regulators and hence would withstand any kind of scrutiny. In due course of time, these are the ones that are likely to be preferred by large investors in the US as they have the safety of investing in a regulated digital asset.

The trading platform is already up and running for its investors, friends, and family and the company hopes to add more to its customer base by the time of the listing of the INX token. The company plans to list other security tokens and cryptocurrency on its platform and this is likely to boost the users and the trading volumes in the coming months.

Read this next

Interviews

FIA EXPO 2022: Interview with Trading Technologies

The derivatives trading industry has gathered in Chicago to attend the FIA EXPO 2022 on 14-15 November. 

Market News

What’s moving markets for the week ahead 

The US labor market and the OPEC+ meeting are the most important variables for next week.

Digital Assets

Payments innovator BVNK acquires SPS Ltd to become UK EMI licensed operator

“We believe that regulated, fiat-backed stablecoins combined with the best parts of traditional payments will provide the infrastructure needed to deliver this vision. We will continue to obtain new licences and build out our capabilities to provide our customers with an unparalleled offering.”

Technology

Innovations in Technology and the User Experience — A MarksMan Update

MarksMan Liquidity Hub, the go-to platform for crypto spot liquidity solutions, has just unveiled an exciting update with new UI/UX features.

Technology

Alveo adds Sentiment indicators, Tax, and Regulatory Risk data from SIX

“Market participants increasingly need on-demand access to our vast catalogue of global financial and investor protection related data.”

Technology

B2C2 taps KX to enhance analytics for institutional crypto

“KX technology is proven in enhancing a broad range of mission-critical data and trading systems across front, middle and back-office operations for the majority of the world’s leading tier-one banks, brokerages, and investment firms.”

Executive Moves

ADVFN appoints Amit Tauman as CEO

ADVFN operates global financial information websites for retail investors.

Institutional FX

HKEX launches Hang Seng TECH Index Futures Options, adds after-hours session

“The launch of the Hang Seng TECH Index Futures Options and enhancements to the broader suite of Hang Seng TECH Index derivatives today will provide global investors even more choice and flexibility, helping them to successfully manage their portfolios and risks.”

Industry News

Finastra opens Center of Excellence in Kuala Lumpur

Finastra has expanded its footprint by opening a Center of Excellence (COE) at Malaysia’s MRANTI Technology Park in Bukit Jalil, Kuala Lumpur.

<