NEW YORK and CALGARY, AB, July 5,
2023 /PRNewswire/ -- The INX Digital Company,
Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF) ("INX"), a
US-regulated broker-dealer, ATS, and transfer agent announced
today that it will enable the primary capital raise and
issuance of Convertible Concepts Corporation's CCNA Token, a
digital security that offers U.S. accredited and international
investors the opportunity to participate in the greener future of
automotive transportation and logistics. With $15 million already raised, the SEC-regulated
security token is available for a $2,000 minimum investment starting today.
"As our 7th token offering on INX.One in less than a year, we're
thrilled to welcome CCNA to our robust lineup of innovative
companies looking to efficiently and securely raise capital
leveraging the power of blockchain and tokenization," said
Itai Avneri, Deputy CEO & COO of
INX. "By democratizing alternative investments, investors from all
over the world are able to benefit from the wealth of opportunities
available through digital assets like the CCNA Token - especially
in industries like the automotive and logistics industry, which is
ripe for disruption."
Convertible Concepts solves the automotive transportation
industry's big problem of single use equipment which leads to empty
return trips of vehicle transporting trailers. These empty
backhauls account for 42% of auto transport miles, 2 billion
gallons of wasted diesel fuel and 22 million tonnes of avoidable
CO2 emissions globally each year. Through ingenious convertible
trailers, versatile freight boxes and software driven logistics
solutions, CCNA fulfills a critical environmental need and is
poised to become a market leading solution through ongoing
discussions with leading automotive manufacturers.
"This problem is our opportunity, as we monetize normally empty
miles reducing carbon footprint, improve efficiencies and help
reduce the cost of the distribution of finished vehicles. All
automotive stakeholders, including the customer, stand to benefit
from Convertible solutions." Bill
Pawluk, CEO, Convertible Concepts Corporation.
The CCNA token is offering its token holder group 40% of total
CCNA profits in North America
without a cap on ROI.
The INX.One platform is the only fully-regulated platform for
listing and trading both SEC-registered security tokens and
cryptocurrencies. INX.One offers a seamless and secure single point
of entrance for institutional and retail investors to maximize
opportunities to engage with digital financial instruments. It is
also a true Token-as-a-Service (TaaS) platform designed for capital
raise purposes – streamlining the entire issuance process by
offering everything needed to quickly and easily issue a digital
security token and to raise capital.
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/. For more information about the CCNA
Token please visit https://invest.convertibleconcepts.com/.
About INX:
INX provides regulated trading platforms
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 a disciplined 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. 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 completion of the transactions
described herein, 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.
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
For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160
Logo -
https://mma.prnewswire.com/media/1581171/INX_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/inx-to-facilitate-convertible-concepts-north-americas-ccna-security-token-offering-301870220.html
