<p class=”text-align-justify”>INX Digital Company, owner of digital
assets trading platforms, on Thursday launched INX ONE, a single-entry
platform that combines the features of its security token and cryptocurrency trading platforms.</p><p>The company described INX ONE as “the
world’s first and only fully-regulated end-to-end platform for listing and
trading both SEC-registered security tokens and cryptocurrencies.”</p><p>The new integrated platform is to serve
institutional and retail investors, INX said, adding that the platform will
also be used for token issuance.</p><p>“The unified, regulated hub streamlines
the issuance process by providing everything needed to quickly and easily issue
a digital security token to raise capital,” the company said.</p><p>Shy Datika, INX’s CEO, noted the company was
pioneering a new era of digital asset investment for both primary and secondary
markets profitable for everyone.</p><p>“The launch of INX ONE marks a pivotal
moment in the evolution of the digital economy. Never before have investors and
issuers had an opportunity to bring their unique communities together on a
single, regulated, global hub for digital assets on the blockchain,” Datika said.</p><p>Last year, INX launched the first initial public offering (IPO) of a digital security registered with the US Securities and
Exchange Commission (SEC). The firm raised $83.6 million from the IPO
from the sale of 92.9 million INX tokens.</p><p class=”text-align-justify”>INX in 2022</p><p>INX’s new record trails the <a href=”https://www.financemagnates.com/cryptocurrency/news/the-inx-digital-company-reports-growth-in-new-registrations-for-q1-2022/”>surge in new customer </a>registrations
the digital assets trading platform owner recorded during the first quarter of
2022.</p><p>However, in its published financials for 2021, INX reported<a href=”https://www.financemagnates.com/institutional-forex/securities-token-platform-inx-digital-ends-2021-with-163m-loss/” target=”_blank”> an adjusted net loss of $16.3 million</a> and a cumulative loss of $215 million. </p><p class=”text-align-justify”>The cumulative loss adds up from a marked-to-market
accounting liability of $161.2 million from INX token holders, and a token
warrant liability of $19.8 million.</p><p class=”text-align-justify”>A one-time cost of $6.8 million associated
with its initial token offering and reverse merger, and an additional $10.9 million
share-based payments also contributed to the loss.</p><p>In June, INEX <a href=”https://www.financemagnates.com/cryptocurrency/news/inx-digital-releases-in-house-crypto-app/”>launched</a> its
official crypto app on the Apple App Store and Google Play Store.The company said the app was
designed to allow for straightforward trading of cryptocurrencies on any mobile
device.</p><p>In January, the company <a href=”https://www.financemagnates.com/cryptocurrency/news/inx-acquires-sec-registered-tokensoft-transfer-agent/”>acquired</a> the
Tokensoft Transfer Agent LLC, which is an SEC-registered transfer agent owned
by Tokensoft, a techonolgy platform for launching digital assets on the blockchain.</p><p>INX said the acquisition will enable it to
offer end-to-end service for digital securities insurance.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
