INX coins have investment value.
1. INX Limited is a cryptocurrency exchange that is currently planning to raise US$129.5 million through IPO. They have submitted the registration application form for the first security token sale with the U.S. Securities and Exchange Commission (SEC).
2. INX Limited does not raise funds through initial token issuance, that is, ICO. In fact, U.S. regulators have clarified restrictions on initial coin offerings in accordance with securities law requirements as early as 2017. Therefore, the IPO mentioned here is an initial public offering in the traditional sense: On August 19, INX, registered in Gibraltar, has submitted an F-1 draft (the U.S. Securities and Exchange Commission’s prospectus for overseas issuers), which shows that they The token will be marketed to retail and institutional investors through an initial public offering.
Extended information
1. In fact, this is definitely an important milestone, because so far no token sale has been registered with the U.S. Securities and Exchange Commission. Previously, some issuers limited their marketing to high-net-worth investors because this exempted them from registration requirements and required only filing a notification with the U.S. Securities and Exchange Commission. In fact, most cryptocurrency projects don’t bother to tell regulators what they are doing, so since last year, the US Securities and Exchange Commission has filed a large number of lawsuits. The main reason is that they believe that many ICO teams sell tokens that are unregistered. Securities products.
2. For INX, the significance of this time is that they may be one of the few cryptocurrency exchanges in the blockchain industry to conduct a comprehensive IPO, and it is almost certain that its financing scale will be the largest so far biggest. Last year, subscription-based mining company Argo Mining raised $32.5 million by listing on the London Stock Exchange.
3. The "one-stop shop" INX exchange and the target user group of INX tokens are mainly institutional investors. Cryptocurrency transactions on this exchange require anti-money laundering and KYC (know your customer) screening. be made available to the public.
4. In the draft prospectus, INX wrote: “After being fully operational, we hope to provide a regular trading platform for professional traders and institutional investors, as is common in other regulated financial services markets. The same trading platform includes customary trading, clearing and settlement procedures, regulatory compliance, capital and liquidity reserves, and operational transparency.”
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