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INX will increase its initial public offering of USD 117 million by launching its token on world exchanges

INX, a global trading platform for digital assets, extends his IPO in progress with listings on stock exchanges around the world.

To add $ 117 million in liquidity to the IPO, INX applied to the Canadian Exchange for its security token to enter the exchange. The listing request is subject to CSE approval, as announced by INX on October 30th.

According to INX representatives The company hopes to list the INX token on many other global exchangeswhile the CSE is expected to be the first. “This will enable dramatically better access to capital and liquidity on a global scale, which will affect the shape of the stocks inherited from the world’s stock exchanges.”said an INX spokesman.

INX will increase its initial public offering of USD 117 million by launching its token on world exchanges
INX will increase its initial public offering of USD 117 million by launching its token on world exchanges

The CEO of CSE, Richard Carletonsaid the exchange is working hard to add new solutions to that “Adaptation to an increasingly digitized and rapidly changing capital market environment.”

“Digital securities represent a logical development in the way that investment vehicles are built, issued and traded on a regulated market.”

INX is currently in the midst of what is supposed to be the IPO first of its kind approved by the United States Securities and Exchange Commission. An INX spokesman told Cointelegraph that The company is also the first to receive SEC approval to offer its token to institutional and retail investors.. INX will be offered to global investors, subject to each location being regulated, the representative said.

With INX expects to complete the IPO in late 2020, the $ 117 million target could prove challenging for the company. After the IPO at the end of August 2020, INX collection “more than $ 10 million” as of October 27th. Shy dates, Co-founder and president of INX, He said What INX has an “understanding with some institutional investors for another ten million”.

INX has accepted Major cryptocurrencies such as Bitcoin (BTC) and ether (ETH) for the IPO from September 10th.

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