INX Limited, a self-described “single entry-point for our customers for the trading of cryptocurrencies, security tokens, and their derivatives,” has revealed that its security token IPO has been declared as effective by the United States Securities and Exchange Commission (SEC), according to a press release from the group.
The group registered to the SEC via a Form F-1, “filed in connection with the IPO” and offering up to 130 million INX security tokens at $0.90 a token, the release continues.
INX Limited is asking for a minimum investment of $1,000, and it plans to start the offering on August 25, 10 AM EDT.
On top of this, part of these proceeds raised from the sale will go toward the “continued development and operation of INX Trading Solutions, a regulated solution for the trading of blockchain assets, including cryptocurrencies, security tokens, and their derivatives, and for the establishment of a cash reserve fund.”
Remember, all trading carries risk. Past performance is no guarantee of future results.