The Crypto Conversation The Tokenized Economy - INX is pioneering the democratization of security token trading
Douglas Borthwick is Chief Marketing and Business Development Officer at INX. INX is building a regulated cryptocurrency, security token, and derivatives trading platform in the U.S. INX has just launched the world's first fully regulated Security Token based IPO.
Why you should listen:Douglas has a long career in finance including roles with Morgan Stanley, managing foreign exchange derivatives trading groups, and running the strategic trading desk at Merrill Lynch. He is part of an impressive team of financial market, crypto asset and technology experts at INX.
INX is building a fully-licensed and regulated cryptocurrency, security token and derivatives trading platform. The goal is to be a leader in the regulated security token platform space. INX aims to enable the listing and trading of both regulated security tokens and cryptocurrencies for institutional and retail investors.
Security tokens give investors the ability to trade fractionalized assets, specific income streams, particular business lines, or assets that could not be traded before. This brings new liquidity and efficiencies to the markets.
Key takeaway:The INX blockchain asset trading solution has been developed and is ready for launch following the completion of the IPO. After launch INX traders will be able to buy/sell crypto assets as well as security tokens and their derivatives.
INX announced in January 2018 its submission of a draft registration statement to the US Securities and Exchange Commission (SEC) for an initial public offering of the INX Token.
In August this year, INX announced that the SEC declared as effective the registration statement on Form F-1 filed in connection with the initial public offering of up to 130 million INX Security Tokens. INX has set the offering price at $0.90 per Token with a minimum investment of $1,000. The offering began August 25, 2020.
INX intends to use a portion of the net proceeds raised from the sale of INX Tokens in the offering for the continued development and operation of INX Trading Solutions, and for the establishment of a cash reserve fund. Investors in the tokens are entitled to receive pro rata distributions of 40% of the Ccmpany's cumulative adjusted operating cash flow.
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