Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, September 10 2020 - 22:33
AsiaNet
INX Crosses Over the Mandatory Minimum of $7.5M - Now Accepting BTC, ETH, USDC
NEW YORK, Sept. 10, 2020 /PRNewswire-AsiaNet/ --

Over 3,000 retail and accredited investors registered for the INX token 
offering in the first 3 days 

INX Limited today announced it has raised over USD 7.5M in its initial public 
offering, exceeding the minimum requirement for the offering. The Company also 
starts accepting payments in Bitcoin (BTC), Ether (ETH) and USD Coin (USDC) at 
10am EDT on Monday, September 14th, 2020. 

INX has launched the first-ever SEC-registered security token IPO aiming to 
raise up to $117 million from both retail and institutional investors. INX 
intends to use the net proceeds raised from the sale of INX Tokens for a launch 
of a regulated trading platform for digital assets  including cryptocurrencies, 
security tokens, and their derivatives, for the establishment of a cash reserve 
fund, and for the continued development and operation of INX Trading Solutions. 

INX has set the offering price at $0.90 per Token with a minimum investment of 
$1,000. BTC/USD, ETH/USD and USDC/USD exchange rates will be determined in the 
manner as disclosed in the final prospectus.  More information can be found in 
the final prospectus and at https://token.inx.co/.

A registration statement relating to the offering of these securities was 
declared effective by the SEC on August 20, 2020. Copies of the registration 
statement can be accessed by visiting the SEC website at www.sec.gov. The 
offering is being made only by means of a prospectus. A final prospectus 
describing the terms of the offering has been filed with the SEC and forms a 
part of the effective registration statement. A copy of the final prospectus 
relating to the offering may be obtained, when available, by visiting the SEC's 
website or the following website (https://token.inx.co/) or by email to INX at 
investors@inx.co. 

This press release shall not constitute an offer to sell, or the solicitation 
of an offer to buy, these securities, nor shall there be any sale of these 
securities in any state or jurisdiction in which such offer, solicitation or 
sale would be unlawful prior to registration or qualification under the 
securities laws of any such state or jurisdiction.

The offering is available in California*, Colorado, Connecticut, Georgia, 
Hawaii, Illinois, Louisiana, Michigan, Minnesota, New York, Texas*, 
Washington*, Wisconsin and Wyoming.

* Subject to suitability standards as described in the "Suitability Standards" 
section of the final prospectus.

About INX:

INX aims to provide a regulated trading platform for digital securities and 
cryptocurrencies combining traditional markets expertise and a novel fintech 
approach. INX is led by an experienced team of business, finance, and 
blockchain technology experts unified by the vision of redefining the world of 
capital markets via blockchain technology and novel regulatory approach.

Forward-Looking Statements

Some of the statements in this press release constitute forward-looking 
statements within the meaning of The Private Securities Litigation Reform Act 
of 1995. In some cases, you can identify forward-looking statements by 
terminology such as "may," "will," "should," "expects," "plans," "project," 
"anticipates," 
"believes," "estimates," "predicts," "potential," "intends," or "continue," or 
the negative of these terms or other comparable terminology. These 
forward-looking statements may include, but are not limited to, statements 
relating to our objectives, plans, and strategies; statements that contain 
projections of results of operations or of financial condition; statements 
relating to the research, development, and use of our products; and all 
statements (other than statements of historical facts) that address activities, 
events, or developments that we intend, expect, project, believe, or anticipate 
will or may occur in the future. Forward-looking statements are not guarantees 
of future performance and are subject to risks and uncertainties. We have based 
these forward-looking statements on assumptions and assessments made by our 
management in light of their experience and their perception of historical 
trends, current conditions, expected future developments, and other factors 
they believe to be appropriate. These statements are only current predictions 
and are subject to known and unknown risks, uncertainties, and other factors 
that may cause our or our industry's actual results, levels of activity, 
performance, or achievements to be materially different from those anticipated 
by the forward-looking statements. We discuss many of these risks in greater 
detail in the preliminary prospectus that forms a part of the effective 
registration statement filed with the SEC, including under the headings "Risk 
Factors" and "Cautionary Note Regarding Forward-Looking Statements." You should 
not rely upon forward-looking statements as predictions of future events. 
Although we believe that the expectations reflected in the forward-looking 
statements are reasonable as of the date hereof, we cannot guarantee future 
results, levels of activity, performance, or achievements. Except as required 
by law, we are under no duty to update or revise any of the forward-looking 
statements, whether as a result of new information, future events or otherwise.

Logo - https://mma.prnewswire.com/media/1232458/INX_Limited_Logo.jpg 

Media Contact:

Alona Stein
ReBlonde for INX   
alona@reblonde.com

Source - INX Limited