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12 May 2021

Blockchain trading platform INX completes $125M SEC-approved token IPO

Blockchain trading platform INX completes $125M SEC-approved token IPO


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According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors.

Together with the $7.5 million from a previous private round and another 39.6 million Canadian dollars (about $32.2 million) in private placement equity on the Toronto Stock Exchange, the Gibraltar-based company has reportedly raised $125 million.

The $125 million raised from the token IPO will be used to fund the creation of the company’s fully regulated trading platform for crypto and security tokens.

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