INX
| INX | |
| |
| Founded | 2017 |
|---|---|
| Headquarters | Israel |
| Key People | Shy Datika, Founder; Alan Silbert, Executive Managing Director; Oran Mordechai, CFO; Matt Rozzi, CCO and COO |
| Products | Digital asset trading platform |
| @INXLimited | |
| Profile | |
| INXLtd | |
| Website | https://www.inx.co/ |
| Releases | Company News |
INX Limited is a Gibraltar-registered cryptocurrency startup which applied to the U.S. Securities and Exchange Commission (SEC) through Form F-1 as a foreign issuer of securities to raise funds through the offer of tokens to retail investors through an initial public offering in the United States.[1] The company maintains an office in Israel which houses its senior officers. The company says that it plans to move its main office to the U.S. once its cryptocurrency trading platform becomes operational.[2]
When INX filed its draft Form F-1 application in August 2019, the company said it was planning to establish two distinct trading platforms for security and non-security tokens that will be regulated by appropriate authorities in the United States.[3]
A year later, INX announced that it would launch its pre-revenue IPO in the form of a security token offering (STO), the first STO to be made available without restrictions to U.S. purchasers, on August 24, 2020.[4] "When fully operational, we expect to offer professional traders and institutional investors trading platforms with established practices common in other regulated financial services markets, such as customary trading, clearing, and settlement procedures, regulatory compliance, capital and liquidity reserves and operational transparency," according to the amended Form F-1 filed with the SEC on August 20 2020. The Form F-1 also states that INX intends eventually to offer futures trading.[5]
References
- ↑ Crypto and Security Token Exchange INX to Raise $130 Million in Landmark IPO. CoinDesk.
- ↑ Form F-1. U.S. Securities and Exchange Commission.
- ↑ Crypto trading platform INX plans to raise $130M via security token IPO, registered with the U.S. SEC. The Block Crypto.
- ↑ Crypto exchange INX is launching $117 million security token IPO next week. The Block Crypto.
- ↑ Form F-1. U.S. Securities and Exchange Commission.
