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INX Becomes the First SEC-Registered IPO to Accept Crypto

Bitcoin Press Release: Crypto exchange INX, which recently launched its security token initial public offering (IPO), has crossed the minimum $7.5 million threshold imposed by the U.S. Securities and Exchange Commission (SEC). Over 3,000 retail and accredited investors registered for the INX token offering in the first 3 days.

 

14th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its up to $117 million IPO in dollars and not crypro, has been met, investors will be able to purchase INX tokens with these coins, here: https://token.inx.co/ 

INX has set the offering price at $0.90 per token with a minimum investment of $1,000. The offering is available in 14 U.S. states: California, Colorado, Connecticut, Georgia, Hawaii, Illinois, Louisiana, Michigan, Minnesota, New York, Texas, Washington, Wisconsin, and Wyoming.

The company plans to use IPO proceeds to continue developing INX Trading Solutions, a regulated exchange for cryptocurrencies, security tokens, and derivatives. Founded in 2017, Gibraltar-based INX first revealed its IPO plans in 2018 and filed a draft prospectus with the SEC in August 2019. The company is headed by Alan Silbert, brother of Digital Currency Group’s founder Barry.

 

About INX Limited 

INX aims to provide a regulated trading platform for digital securities and cryptocurrencies combining traditional markets expertise and a novel fintech approach. INX is led by an experienced team of business, finance, and blockchain technology experts unified by the vision of redefining the world of capital markets via blockchain technology and novel regulatory approach.

 

Media Contact Details

Contact Name: Alona Stein (For INX) 

Contact Email: alona@reblonde.com

 

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This press release is not a prospectus and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation of sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933.  No securities regulatory authority has either approved or disapproved of the contents of this press release.  

 

INX Limited is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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INX Limited Announces Effectiveness of Security Token IPO 

22nd August, 2020, NEW YORK, United States – INX Limited today announced that the Securities and Exchange Commission (SEC) has declared as effective its registration statement on Form F-1 filed in connection with the initial public offering (the “Offering”) of up to 130 million INX Security Tokens (the “INX Tokens” or “Tokens”).  

 

INX has set the Offering price at $0.90 per Token with a minimum investment of $1,000.  It is anticipated that the offering will begin on August 25, 2020 at 10am Eastern Daylight Time at https://token.inx.co/.

 

INX intends to use a portion of the net proceeds raised from the sale of INX Tokens in the Offering for the continued development and operation of INX Trading Solutions, a regulated solution for the trading of blockchain assets, including cryptocurrencies, security tokens, and their derivatives, and for the establishment of a cash reserve fund.   

 

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (SEC) on August 20th, 2020. Copies of the registration statement can be accessed by visiting the SEC website at this page or this page. The offering is being made only by means of a prospectus. A final prospectus describing the terms of the offering has been filed with the SEC and forms a part of the effective registration statement. 

 

Copies of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov (click here). Alternatively, copies of the final prospectus may be obtained for free by sending an email to INX at investors@inx.co.  

 

About INX Limited 

INX Limited, a Gibraltar-based private company formed in 2017, is developing INX Trading Solutions, a single entry-point for our customers for the trading of cryptocurrencies, security tokens, and their derivatives. 

 

Media Contact Details

Contact Name: Alona Stein (For INX) 

Contact Email: alona@reblonde.com

 

This press release is not a prospectus and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation of sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933.  No securities regulatory authority has either approved or disapproved of the contents of this press release.  

 

INX Limited is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

 

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