Altcoin News

INX security token goes live on NEO exchange

INX Digital Company – a leading regulated exchanged – has successfully listed its equity token for trading on the NEO exchange.

The NEO announcement comes just days after INX revealed it purchased the Tokensoft transfer agent subsidy used to process the INX token’s issuance back in May’s IPO, in a strategic play poised to bring a swathe of US-based security token issuances to the INX exchange.

The success of INX Group as a steadfast pioneer of the security token space has been built upon a productive and collaborative relationship with regulators at the SEC and FINRA, and the listing on NEO Exchange marks another leap forward with Canadian regulators clearly approving.

‘A pivotal moment’, claims INX CEO Shy Datika

With the groundbreaking Ethereum-based IPO driving a successful capital raise of $83m for INX, many investors have been keen to reap similarly impressive returns, but as INX price appears to be slumping so far in 2022 – the emergence of an exciting secondary marketplace bodes the promise of increased trading volume.

Explaining the significance of the new listing, Shy Datika, Chief Executive Officer at INX, praised the progress made in modernising securities assets.

“Our listing is a pivotal moment for the INX Group as we look to further accelerate our growth and expand our reach into new jurisdictions in the future,” he said.

“The INX Group was established by capital markets veterans to usher in the next evolution in capital markets. We believe that the traditional $120 trillion equities markets must evolve and we were the first SEC-registered initial public offering of a digital security and among the first companies to obtain regulatory clearance for digital assets securities issuance and trading.

“We believe the NEO Exchange to be an innovative leader in capital markets that seeks to take capital raising and trading to their next evolutionary level. Canadian financial institutions and funds in general, and the NEO Exchange as their beacon, have recognised early the potential of blockchain-based assets.”