The Gibraltar-based company says it is building a digital asset exchange that fully complies with U.S. law. Securities and Exchange Commission, Financial Industry Regulatory Authority and EU.

According to INX, the development of blockchain currencies and assets is finally starting to emerge – and governments around the world are beginning to realize that digital payments are not going anywhere.

The company’s team consists of top executives from the world’s largest financial institutions, including American Express, Morgan Stanley, Standard Chartered, HSBC, TD Ameritrade and Societe Generale.

INX says that their vision is to create a new ecosystem for trading digital assets with large differences. The company claims that while some companies that focus on cryptocurrencies tend to move away from regulators, INX is committed to working with them to promote innovation and protect consumers.

The company adds that it has another unique selling point: the technology behind the product has been carefully created internally and is not licensed.

The world of digital assets
Overall, INX states that it intends to ensure that trading in digital assets is no longer reserved for a small group of institutions or venture capitalists. Instead, he wants to help build a “strong and healthy community of symbol bearers.”

The blockchain asset trading solution is fully developed and ready for launch. This will allow users to buy and sell cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash (ZEC) and Bitcoin Cash (BCH), as well as security tokens and their derivatives. A number of important order types are supported, and technical analysis tools will be provided to help traders make informed decisions. An API (Application Programming Interface) will be provided to intermediaries, corporate financiers, traders and market makers, and will follow standard reporting to regulators.

More information INX here
INX says it has invested millions of dollars in technology so far to help the digital assets area gain legitimacy in the eyes of ordinary investors. The team said compliance with Know Your Customer and Anti-Money Laundering (AML) measures will be achieved automatically, and the platform will open up “a wide range of financial tools and opportunities for all.” It is also hoped that INX will over time be used to raise capital for fractions and illiquid assets such as real estate and art, paving the way for fractional ownership.

Finally, INX’s goal is to help promote the ongoing transition to the realm of digital assets, where shares are replaced by digital security tokens, which represent ownership of an asset, not a company. This is achieved through a unified professional user interface on several platforms, including Windows and Mac, as well as iOS and Android devices.

Big milestone planned
INX is currently pursuing what it describes as the first public offering approved by the US Securities and Exchange Commission, “to unlock the cryptocurrencies of US retail investors who have so far been banned from investing in digital assets.

The company is set to raise $ 117 million dollars from the initial IPO and says it will pave the way for the launch of the digital trading platform within six months.

INX said: “Although well-known business and political leaders, including President Trump, viewed cryptocurrencies as de facto counterfeit money, governments around the world recently began to realize that these digital assets and currencies would not go away. to anywhere ”.

INX also described the US Securities and Exchange Commission’s green light as “a convincing recognition by the US government that digital assets and currencies have become a financial power to be reckoned with.”

Source: CoinTelegraph