This week, the enterprise-level crypto trading platform, INX Limited announced plans to host an upcoming security token IPO roadshow. Notably, the company seeks to sell 130,000,000 INX Tokens to interested investors to further development into its crypto trading ecosystem. This news demonstrates the growing demand for regulated and licensed tokenization platforms within the sector.
Tokenized assets provide investors with significant advantages. For one, they are more secure because they live on the blockchain. Additionally, tokenized asset transactions only take a fraction of the time needed to complete compared to a traditional securities transaction. Many analysts see tokenization and the use of security tokens as the natural evolution of the cryptocurrency market. Consequently, there has been a huge demand for platforms that possess these capabilities and are regulatory compliant such as INX Limited.
Crypto Trading Software
Importantly, this new strategy allows INX to showcase its proprietary crypto trading software. According to developers the funds raised from the IPO will help with the continued development of these systems. The funds are earmarked for working capital and other corporate purposes with the final goal to produce a fully regulated platform for the trading of blockchain assets.
As part of this strategy, INX Limited applied for both Broker-Dealer and Alternative Trading System licenses earlier in the year. Additionally, the firm seeks to obtain a qualified custodian license. Specifically, for safekeeping of crypto assets.
INX Limited Institutional Registration
INX Limited IPO
The official date of the crowdfunding event is January 2020. According to company reports, the costs of INX Tokens will vary between $0.65 – $1.15 per token, depending on the number of tokens purchased and how early off into the campaign you participate. Importantly, this will be the first security token IPO the firm conducted.
Experienced Veterans
Luckily, INX Limited is run by an experienced team of FinTech professionals. Together, this innovative team possesses decades of experience in the securities and trading sectors. For example, the Former Vice Chairman of NASDAQ, David Weild is the Independent Director for the INX platform. His experience and network alone are enough to ensure the platform receives a warm welcome into the market.
Tokenization Competition
INX Limited joins the ranks of a number of other noteworthy tokenization platforms which entered the sector over the last three months. It’s the extremely high level of experience the INX team possesses which places this platform ahead of much of the competition. You can expect this experience to result in an improved UX and overall trading experience.
INX Limited
INX Limited is the brainchild of a group of financial markets, cryptocurrency, and technology experts. The firm entered service in 2017 as a registered privately held corporation based out of Gibraltar, Gibraltar. The company seeks to become a leader in the regulated security token platform space through its regulatory friendly approach.
INX Limited Tomorrow
From the looks of things, INX developers have a big 2020 planned for the platform. The team hopes to demonstrate the platform’s tokenization capabilities and cement itself as a major player in the market. For now, the crypto community awaits to see the response towards the new project.
The post INX Limited to Host IPO Roadshow appeared first on Securities.io.
source https://www.tokentalk.co/Securities/inx-limited-to-host-ipo-roadshow-5e0908906acb1de95d0c2972
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