According to the official announcement, INX has signed the terms and conditions for the acquisition of OpenFinance, which acts as a broker-dealer registered under the Financial Industry Regulatory Authority and the Investors Protection Corporation.
With the new agreement, INX is preparing to acquire the OpenFinance brokerage dealer and alternative trading systems, including its systems, digital asset lists, client base and licenses.
OpenFinance listings include companies like Blockchain Capital, Spice VC, and Lottery.com. INX representatives said their company will ensure continuity of operations and service for OpenFinance’s customer base.
Shai Datika, INX President and Founder, confirmed that the new acquisition will strengthen INX’s governance of the digital asset ecosystem, stating:
“Digital securities are a new phenomenon in traditional capital markets. The inclusion and trading of digital assets has significant advantages over traditional stocks. Openfinance has been a pioneer in this field and has earned the respect of Wall Street, the blockchain community, and US regulators.”
Jim Stonebridge, CEO of Openfinance, emphasized that INX and Openfinance share a common vision to deliver a safe and orderly ecosystem for the listing and trading of digital assets. “We believe that regulatory oversight, combined with liquidity, will make digital assets the preferred financial tool for companies and investors looking to access and attract capital,” Stonebridge said.
The latest news comes from the current INX IPO, which has been registered with the US Securities and Exchange Commission. The $ 117 million initial public offering launched in August 2020 and is claimed to be the first initial public offering to be registered with the Securities and Exchange Commission. As of September 14, the INX list accepts major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).