NEW YORK, June 21, 2023 /PRNewswire/ -- The INX
Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF)
("INX"), a broker-dealer and an inter-dealer broker, announced
today that the HAG Bitcoin Mining security token offering, the
first of its kind in the bitcoin mining space pursuant the SEC
exemption under Reg D/S, is now officially open for investors on
the INX.One platform – the world's first and only regulated,
end-to-end platform for listing and trading both SEC-registered
security tokens and vetted cryptocurrencies.
Backed by Bitcoin computing power, HAG offers eligible investors
a brand-new option to invest in Bitcoin through
hashrate ownership with the security and compliance of the
INX.One's regulated platform.
In addition to the opportunity to own an investment in an
industry previously inaccessible, investors can also expect to
receive a share of mined bitcoin directly into their digital
wallets on a monthly basis. The INX transfer agent will distribute
the dividends transparently and seamlessly in the form of wBTC.
"INX continues to grow its capital raising marketplace with a
diverse group of companies, each from a different industry vertical
and each with a unique value proposition for investors and the
greater digital finance ecosystem," said Bob Ejodame, VP, Capital
Markets at INX. "The HAG Bitcoin Mining security token offering and
listing on INX.One showcases the versatility of our platform for
security token offerings (STOs) and beyond."
INX provides regulated trading platforms for digital securities
and cryptocurrencies, combining traditional market expertise with
an innovative fintech approach. For security token issuers, INX.One
offers a true Token-as-a-Service (TaaS) platform designed for
capital raise purposes. The unified, regulated hub streamlines the
issuance process by providing everything needed to quickly and
easily issue a digital security token to raise capital. An
end-to-end solution for issuers, INX.One Issuance Services includes
transfer agent, broker/dealer, and ATS licenses to raise capital
and list the token for secondary trading, smart contract design,
and marketing and promotion support. INX holds all of the necessary
licenses issuers need, along with a global team of experts to offer
guidance along the way.
"HAG provides potential investors with a compliant investment
tool in Bitcoin mining products which is issued pursuant to an SEC
exemption on a regulated platform through INX and is targeting to
pay a monthly Bitcoin dividend," says CEO, Wei-Chuan Chen. "Today, HAG is excited to open
the door for investors interested in BTC mining to help them
establish Bitcoin-related assets in their portfolios."
INX made history in 2021, when it became the first
SEC-registered digital security IPO – closing with $84 million in gross proceeds from over 7,250
retail and institutional investors. 92.9 million INX Tokens were
sold in the IPO.
To learn more about INX, which continues to lead the industry in
providing novel trading and capital raising financial instruments
to enterprises and companies worldwide, which includes INX.One.
visit: https://www.inx.co/.
To learn more about HAG and its unique security token offering,
visit: www.hagsto.com/
About INX:
INX provides a regulated trading platform for digital securities
and cryptocurrencies. With the combination of traditional
markets expertise and a disruptive fintech approach, INX provides
state-of-the-art solutions to modern financial problems. INX is led
by an experienced and dedicated team of business, finance, and
technology veterans with the shared vision of redefining the world
of capital markets via blockchain technology and innovative
regulatory approach.
About The INX Digital Company, Inc. INX is the holding
company for the INX Group, which includes regulated trading
platforms for digital securities and cryptocurrencies, combining
traditional markets expertise and an innovative fintech approach.
The INX Group's vision is to be the preferred global regulated hub
for digital assets on the blockchain. The INX Group's overall
mission is to bring communities together and empower them with
financial innovation. Our journey started with our initial public
token offering of the INX Token in which we raised US $84 million. The INX Group is shaping the
blockchain asset industry through its willingness to work in a
regulated environment with oversight from regulators like the SEC
and FINRA.
In addition to operating two regulated trading platforms for
blockchain assets, INX's interdealer broker, I.L.S. Brokers, plans
to offer non-deliverable cryptocurrency forwards to Tier-1 banks in
the future. For more information, please visit the INX Group
website here.
Cautionary Note Regarding Forward-Looking Information and
Other Disclosures
This press release contains statements that constitute
"forward-looking information" ("forward-looking
information") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking information and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information. In disclosing the forward-looking
information contained in this press release, INX has made certain
assumptions, including with respect to, the continuous development
of the INX trading platform, the offering of non-deliverable
cryptocurrency forwards, and the development of the digital asset
industry. Although INX believes that the expectations reflected in
such forward-looking information are reasonable, it can give no
assurance that the expectations of any forward-looking information
will prove to be correct. Known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information. Such factors include but are not
limited to regulatory developments, the state of the digital
securities and cryptocurrencies markets, and general economic
conditions. Accordingly, readers should not place undue reliance on
the forward-looking information contained in this press release.
Except as required by law, INX disclaims any intention and assumes
no obligation to update or revise any forward-looking information
to reflect actual results, whether as a result of new information,
future events, changes in assumptions, changes in factors affecting
such forward-looking information or otherwise.
The NEO Exchange is not responsible for the adequacy or
accuracy of this press release.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the U.S. Securities
Act or any state securities laws and may not be offered or sold
within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co
Website: https://www.inx.co/
Twitter: https://twitter.com/INX_Group
Telegram: https://t.me/INXCommunity
For more information, contact:Liz
Whelan
liz@lwprconsulting.com
(312) 315-0160
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