INX Combines Its Security Token and Crypto Trading Platforms into One

<p class=”text-align-justify”> On Thursday, INX Digital Company, the owner of digital
assets trading platforms, launched INX ONE, a single-entry
platform that combines the features of its security token and cryptocurrency trading platforms.</p><p>The company described INX ONE as “the
world’s first and only fully-regulated end-to-end platform for listing and
trading both SEC-registered security tokens and cryptocurrencies.”</p><p>The new integrated platform is to serve
institutional and retail investors, INX said, adding that the platform will be used for token issuance.</p><p>“The unified, regulated hub streamlines
the issuance process by providing everything needed to quickly and easily issue
a digital security token to raise capital,” the company said.</p><p>Shy Datika, the CEO of INX, noted the company was
pioneering a new era of digital asset investment for both primary and secondary
markets profitable for everyone.</p><p>“The launch of INX ONE marks a pivotal
moment in the evolution of the digital economy. Never before have investors and
issuers had an opportunity to bring their unique communities together on a
single, regulated, global hub for digital assets on the blockchain,” Datika said.</p><p>Last year, INX launched the first initial public offering (IPO) for a digital security registered with the US Securities and
Exchange Commission (SEC). The firm raised $83.6 million
from the sale of 92.9 million INX tokens.</p><p class=”text-align-justify”>INX in 2022</p><p>INX’s new record trails the <a href=”https://www.financemagnates.com/cryptocurrency/news/the-inx-digital-company-reports-growth-in-new-registrations-for-q1-2022/”>surge in new customer </a>registrations that the digital assets trading platform owner recorded during the first quarter of
2022.</p><p>However, in its published financials for 2021, INX reported<a href=”https://www.financemagnates.com/institutional-forex/securities-token-platform-inx-digital-ends-2021-with-163m-loss/” target=”_blank”> an adjusted net loss of $16.3 million</a> and a cumulative loss of $215 million. </p><p class=”text-align-justify”>The cumulative loss adds up from a marked-to-market
accounting liability of $161.2 million from INX token holders and a token
warrant liability of $19.8 million.</p><p class=”text-align-justify”>A one-time cost of $6.8 million was associated
with its initial token offering and reverse merger, and an additional $10.9 million in share-based payments contributed to the loss.</p><p>In June, INX <a href=”https://www.financemagnates.com/cryptocurrency/news/inx-digital-releases-in-house-crypto-app/”>launched</a> its
official crypto app on the Apple App Store and Google Play Store. The company said the app was
designed to allow for straightforward trading of cryptocurrencies on any mobile
device.</p><p>In January, the company <a href=”https://www.financemagnates.com/cryptocurrency/news/inx-acquires-sec-registered-tokensoft-transfer-agent/”>acquired</a> the
Tokensoft Transfer Agent LLC, which is an SEC-registered transfer agent owned
by Tokensoft, a technology platform for launching digital assets on the blockchain.</p><p>INX said the acquisition will enable it to
offer end-to-end service for digital securities insurance.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.