Cryptocurrency exchange INX applies for listing of its own security token on the Canadian Securities Exchange (CSE)
INX Limited has applied for listing of its own security token “INX token” on the Canadian Stock Exchange (CSE). If approved, it will be traded on CSE. The CSE is a proponent of exchange-listed digital securities and continues to work towards additional services in connection with the post-trade processes for these securities.
INX has also announced it signed a term-sheet for the acquisition of Openfinance Securities LLC, a registered U.S. broker-dealer operating a registered FINRA/SIPC member, with an alternative trading system (ATS).
Before the official launch, INX is also conducting an initial public offering (IPO) with the first security token in the United States using the “INX token” (ERC20 standard).
Shy Datika, Co-Founder and President of INX commented that “Digital securities represent new opportunities in regulated cross-border trading and multi-listings. It is a new era in capital markets where each listed security can be seamlessly traded on multiple exchanges providing much higher access to capital and liquidity for each trading asset.”
Richard Carleton, CEO of the CSE has stated that “The CSE is working hard towards listing solutions that cater to a rapidly changing and increasingly digitized capital markets environment. Digital securities represent a logical evolution in how investment instruments are constructed, issued, and traded on a regulated marketplace. It comes as no surprise that new product innovations are originating from Israel, where the culture of entrepreneurship and technical leadership are a perfect fit with our exchange.”
INX CEO Alan Silbert is a brother of Barry Silbert, CEO of Grayscale Investment. Currently, there is no exchange that lists INX tokens, and if it is listed on the Canadian Stock Exchange, it may be possible to trade for the first time.
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