“When the winds of change blow, some build walls, and others build windmills.” (Chinese Proverb)
The winds of change are blowing heavily in the financial arena of cryptocurrencies, and the windmills we have put so much time, effort, and resources into building have proved to be more critical and fundamental than ever. We have laid the foundation for the responsible transition from the traditional to a digital economy, and we now invite all other relevant players to follow.
We are witnessing other companies struggle with the challenges of regulation and with claims that the SEC’s current framework is lacking when it comes to digital assets. We invite these companies to review our years of work with the SEC and other regulators. We are more confident than ever that our efforts have created a new, secure digital alternative.
Our special July update will prove that – just like the weather, INX is hotter than ever:
INX Shares Open to Global Investors
We have just announced that our common shares will commence trading (August 2), under the symbol “INXDF” on the U.S.-based OTCQB, operated by OTC Markets Group Inc. In addition, INX’s common shares will continue to trade on the NEO Exchange under the symbol “INXD.” INX Tokens will continue to trade on the INX Securities ATS under the symbol “INX.” We are excited to now provide convenient access for millions of U.S. investors and provide institutional and retail investors worldwide the opportunity to trade INX shares on additional platforms.
Trucpal’s Digital Security Token Offering
It’s now official! We are facilitating Trucpal’s digital security token offering for accredited U.S. investors and non-U.S. investors. This is the first digital security token for the Chinese freight market, potentially enabling people worldwide to earn a portion of future profits and dividends. Beneﬁting from the innovative freight capacity ecosystem built by HGC, Trucpal’s digital security token holders will be eligible to receive a proportional percentage of HGC’s platform transaction fees. We are delighted to offer our global investors an opportunity to take part in this rapidly growing company and industry. Trucpal is our new pal, and now they can be yours too
Burn or Build
In the midst of the crypto storm, we hosted a special debate across our social media platforms on the future of crypto. Our CEO Shy Datika, CBO Douglas Borthwick, and Chief Blockchain Officer, Jon Azeroual, joined Head of Macro Strategy at Academy Securities, financial expert Peter Tchir, and Forbes Crypto Contributor Derrick David for a lively conversation. Crypto enthusiasts on one side joined crypto skeptics on the other to discuss the latest tumultuous industry developments, the volatility of blockchain assets, the exciting future opportunities CBDC can offer, and the fundamental need for regulations.
Click below to watch the full video:
New Industry Leaders Join the INX Board
This month, we were happy to welcome former CYSEC Chairperson Demetra Kalogerou and CFE and Wall Street Journal Women in Business Co-Founder Hilary Kramer to our Board of Directors. These two powerful women have, for years, been making a significant impact in the traditional financial markets. Bringing with them exceptional expertise, our new board members will undoubtedly assist us in promoting INX’s mission to bridge traditional and digital economies and create new digital financial opportunities for individuals and businesses.
New Listing on Our ATS
The MSTO token, one of the world’s top digital securities, is now listed for secondary trading on our ATS. This unique digital security, also known as the Millennium Sapphire Token, represents fractionalized ownership of the Millennium Sapphire, the world’s largest sapphire. The Millennium Sapphire project has also created NFTs of the renowned gem and sold fractionalized sapphire ownership via an STO. Token holders are also entitled to receive dividends from Millennium’s NFT Studio. Their road map includes the acquisition of extremely valuable works of fine art from which the Studio will create NFTs unique to that artwork.
Click here to learn more
Introducing New Assets on Our App
July has been an exciting month on our app. Every month, after a lengthy and thorough due diligence process, we introduce new assets to our community of traders. This month, we added two popular assets to the platform: Compound and Aave. Our carefully selected collection of assets allows INX traders to explore exciting new and attractive options with the ability to expand their portfolios.
INXperts are Making Headlines
During this eventful month, as more and more focus was placed on the crypto market, our experts were interviewed throughout the media and provided audiences with important insights and more clarity regarding regulations, security, and the future of finance.
Itai Avneri, our COO and Deputy CEO, was featured in Cointelegraph and discussed the importance of innovative solutions designed to reduce major barriers and allow the mass retail market to join the crypto economy.
INX’s Chief Blockchain Officer, Jon Azeroual, was interviewed by Altcoin Daily. He shared the deets about our work with regulators, our new CBDC joint venture, and how INX continues to lead crypto regulations.
In an interview with Cointelegraph, Douglas Borthwick, our Chief Business Officer, discussed the current cryptocurrency bear market and clarified why it had no direct impact on INX.
As temperatures are higher than ever, not just outdoors but also in the crypto industry, it is becoming more evident that INX offers a secure, reliable, and regulated haven for investors. We are working tirelessly to provide more innovative solutions and unique trading opportunities as we continue to solidify the foundations that enable responsible trade for the benefit of individuals, institutions, and issuers.
As always, we are indebted to the INX community, who, as partners on this journey, are helping us pioneer a new tokenized economy.
More to come; stay tuned.