The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) has announced an enhanced strategic partnership with Republic, aligning with INX’s growth strategy. This strengthened collaboration builds upon their previous agreement announced in February.
Under the terms of this expanded partnership, INX will direct potential securities issuers to Republic for their initial offerings, earning commissions from the revenues Republic generates from these clients. Following these initial offerings, the securities may be listed and traded on INX’s platform, demonstrating a smooth transition and the cooperative nature of the partnership.
One notable success story of this collaboration is the recent digital equity offering by Watford FC. Facilitated by INX, Watford FC tokenized 10% of its shares through Republic’s platform. This exemplifies how INX connects issuers with Republic, creating mutual benefits and showcasing the strategic value of the partnership.
INX earns commissions from Republic’s referred clients, highlighting the seamless integration of their efforts. Investors can purchase Watford FC’s offering or look out for future projects resulting from this collaboration.
Shy Datika, CEO of INX, expressed enthusiasm about the bolstered partnership: “This collaboration with Republic is a testament to our shared vision and commitment to pioneering innovation in the Real World Asset space. By leveraging Republic as our primary hub for initial offerings, we can offer our traders a streamlined and efficient pathway from launch to trading on our platform. This partnership not only strengthens our operational capabilities but also enhances the value we provide to our stakeholders.”
Andrew Durgee, President of Republic, echoed this sentiment: “Our continued partnership with INX reflects our shared vision for expanding access to ownership opportunities, driving innovation and empowering investors. Together, Republic and INX set the new standard for Real World Asset Tokenization.”
Driving Growth and Innovation
As part of this partnership, INX will receive compensation for successful introductions to Republic’s platform. This arrangement underscores the collaborative efforts between the parties and continues the spirit of previously disclosed agreements. Both INX and Republic are committed to maintaining the principles established in their earlier agreements, ensuring a consistent and transparent approach to their partnership.
The strategic alliance is expected to create significant synergies and enhance operational efficiencies, leading to further integration of services and operations, benefiting both companies. Additionally, INX and Republic are actively exploring new avenues to maximize shareholder value and strengthen their market position.
This ongoing exploration aims to identify opportunities that can further drive growth and innovation in the digital securities and cryptocurrency markets. INX believes this strengthened partnership aligns perfectly with its long-term strategic objectives and reinforces its commitment to providing innovative solutions in the Real World Asset space.
By leveraging the combined strengths of INX and Republic, the partnership is poised to deliver enhanced value to shareholders and set a new industry standard. INX offers regulated trading platforms for digital securities and cryptocurrencies, blending traditional market expertise with a disruptive fintech approach.
The company, led by a team of seasoned business, finance, and technology veterans, aims to redefine capital markets through blockchain technology and a disciplined regulatory approach. Notably, INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies.
The INX Group aspires to be the global regulated hub for digital assets on the blockchain, bringing communities together through financial innovation. Since its inception, INX has raised US$84 million through the initial public token offering of the INX Token. The company operates under the oversight of regulators such as the SEC and FINRA. For more information, visit the INX Group website.
Republic operates an enterprise-focused digital merchant bank and a multi-jurisdictional retail-focused investment platform network. With backing from leading institutions like Valor Equity Partners, Galaxy Interactive, Morgan Stanley, Hashed, and AngelList, Republic has a portfolio of over 1500 companies and a community of nearly 3 million members from over 100 countries. Over $2 billion has been deployed through Republic’s investment platforms, funds, and firms, with operations established in the US, UK, UAE, South Korea, and Singapore.