Republic acquires INX for $60M to build regulated global platform for tokenized assets - Tech Startups

Republic acquires INX for $60M to build regulated global platform for tokenized assets - Tech Startups

The push to bring digital assets into the mainstream just took a major leap forward. Republic, a New York-based private investment firm, has announced it will acquire INX, a U.S.-regulated trading platform for digital securities and crypto. The $60 million […] The post Republic acquires INX for $60M to build regulated global platform for tokenized assets first appeared on Tech Startups.

Key points of the News Republic has acquired INX Digital in an agreement valued at up to $60 million, which represents a strategic step to consolidate itself as a leader in the ecosystem of regulated digital assets. The price of INXDF shares skyrocketed by 180% after the announcement, reflecting market confidence in the merger. Integration will boost technological and regulatory infrastructure, opening the way to a more accessible Tokyo economy …

Republic Acquires INX Digital In $60 Million Deal To Expand Regulated Crypto Trading

INX shareholders to receive up to $60 million, with a 457% premium over closing price. Republic’s 3.2M+ investors gain access to INX.One for expanded tokenized asset trading. INX Token holders to receive a $34.3 million distribution from the token reserve post-merger. New York-based investment firm Republic has acquired Canadian crypto trading company INX Digital in a deal worth up to $60 million. The transaction will finalize within the next ei…

NY Broker Republic Acquires INX Digital For Up To $60M - FinanceFeeds

Republic, the New York-based financial services platform, is acquiring Canadian crypto firm INX Digital Company (INXDF) in a deal worth up to $60 million, as part of a broader push into blockchain-based investment products. The transaction gives Republic full control of INX’s operations and will be completed over the next eight months. The buyout includes all outstanding shares of INX at a 457% premium to its Wednesday closing price — a valuatio…

Republic buys INX at 631% premium, gains U.S. trading licenses

Republic enters the US RWA tokenization market with its $60 million INX acquisition