The INX platform for trading digital securities and cryptocurrencies attracted $85 million following an IPO registered with the U.S. Securities and Exchange Commission IPO of its Ethereum tokens.
More than 7,200 retail and institutional investors from 75 countries participated in the placement.
The company received 54% of funds in cryptocurrencies (Bitcoin, Ethereum, USDC) and 46% in U.S. dollars.
Token holders will be entitled to a 40% distribution of net profits (without voting rights), while equity holders will receive the remaining 60% (with voting rights).
IPO started in August 2020.
In October INX filed a filing for listing security tokens on the Toronto Stock Exchange. The amount raised could reach up to C$39.6 million (~$32.3 million).
Together with earlier token sales, the total funds raised by the exchange could reach $125 million.
“With the IPO completed, we have resources to shape the future of capital markets with new blockchain-based instruments.”, said the company’s CEO Shai Datika.
Earlier in March 2021, INX announced its intention to enter the list of tradable assets in the venture-capital section of the Toronto Stock Exchange.
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