Toronto, Canada, August 7th, 2024,
Chainwire
In a groundbreaking move that bridges the gap between
traditional finance and digital innovation, The
INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF,
INXATS: INX) ("INX"), through its
broker-dealer subsidiary, INX Securities, LLC, Member: FINRA
& SIPC, a leader in regulated Real World Asset
trading, has announced a
strategic association with Muriel Siebert & Co.,
LLC, Member: FINRA & SIPC, (“Siebert”), a prominent
name in traditional financial services, and a wholly owned
subsidiary of Siebert Financial Corp. (NASDAQ: SIEB). This
collaboration marks a significant milestone in expanding
On-Chain Real World Asset
(RWA) investment opportunities to Siebert’s
long-established
relationships. This association will
enable Siebert's extensive network of clients and/or
potential issuers to connect with INX’s
cutting-edge marketplace for the primary issuance and
secondary trading of Real World Assets (RWAs). Siebert’s
introductions to INX will enable those relationships to
leverage INX's innovative RWA tokenization
capabilities and offer a new realm of investment
possibilities, including high-profile sectors such as
entertainment, sports, and global sports franchises.
The Siebert-INX association is poised
to help redefine the investment landscape by merging
traditional financial service relationships with modern
digital
asset opportunities. This referral relationship
will facilitate a bridge from conventional financial services
to the dynamic world of blockchain technology, offering an
introduction of secure and regulated pathways for capitalizing
on digital securities and tokenized asset opportunities.
Shy Datika, CEO of INX, stated, “Our association with
Siebert represents a significant step towards merging the
traditional and digital financial worlds. By opening access
to Siebert’s extensive client base and
relationships, INX is broadening the scope of investment
opportunities and providing access to previously untapped sectors.
This collaboration underscores our commitment to financial
inclusion and innovation, paving the way for a new era in RWA
tokenization.”
John J. Gebbia, CEO of Siebert Financial Corp.
(NASDAQ: SIEB), added, “Entering into this referral agreement
with INX aligns perfectly with Siebert’s vision of
advancing financial innovation while maintaining the highest
standards of compliance and security. This association
allows Siebert to introduce
our clients and financial sector relationships to a
regulated and reliable platform for investing in RWA tokenized
assets, enhancing their investment experience, and expanding
their opportunities within the digital economy.”
This collaboration not only expands Siebert’s reach into the
emerging field of blockchain technology but also reinforces INX's
position as a pioneer in digital asset trading, setting new
standards for the integration of traditional and digital investment
avenues.
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. For
more information, please visit the INX Group website here.
About Siebert Financial
Corp.: Siebert is a diversified financial services
company and has been a member of the NYSE since 1967 when Muriel
Siebert became the first woman to own a seat on the NYSE and the
first to head one of its member firms. Siebert operates
through its subsidiaries Muriel Siebert & Co., LLC,
Siebert AdvisorNXT,LLC, Park Wilshire Companies, Inc., RISE
Financial Services, LLC, Siebert Technologies, LLC
and StockCross Digital Solutions, Ltd. Through these
entities, Siebert provides a full range of brokerage and financial
advisory services including securities brokerage, investment
advisory and insurance offerings, securities lending, and corporate
stock plan administration solutions. For over 55 years, Siebert has
been a company that values its clients, shareholders, and
employees. More information is available at www.siebert.com.
Contact
Alan
Silbert
investorrelations@inx.co