Ground-Breaking Collaboration With Greenbriar
Capital Corp. Enables Shareholders the Option To Tokenize
Shares and List Trading on INX.One Platform for Digital
Assets
NEW
YORK and TORONTO,
April. 3, 2023 /CNW/
-- The INX Digital Company, Inc. (NEO: INXD, INXATS: INX,
OTCQB: INXDF) ("INX"), a broker-dealer and inter-dealer broker, in
partnership with Greenbriar Capital Corp. (GEBRF on the US
OTC) (GRB on the Toronto Venture Exchange, TSXV), a leading
developer of sustainable real estate and renewable energy,
announced today that it will facilitate and list the GEBRF
traditional shares as the first regulated tokenized shares of a
publicly traded company. Through this landmark collaboration,
traditional stock certificates of Greenbriar Capital will now be
able to be represented in a digital format and move seamlessly back
and forth between traditional exchanges, like OTC and TSXV, and a
digital Alternative Trading System (ATS) like INX.
"By working with an existing transfer agent, INX and Greenbriar
are able to offer a fully-regulated, secure and direct pathway for
financial markets to unlock another source of possible liquidity
through the INX ecosystem," said Itai
Avneri, Deputy CEO & COO of INX. "As the first digital
asset platform to achieve regulatory approval to raise capital,
issue security tokens and trade both security tokens and digital
currencies, it's an exciting next step for INX to offer the first
tokenized shares of a publicly traded company to both U.S. and
international investors. It also marks a significant inflection
point in the maturity of the digital economy and we expect to see
more public companies, U.S. or international, take their business
digital, either in the form of tokenized shares, digital ADR or
digital bonds, now and in the near future."
The tokenized version of the Greenbriar shares will be subject
to the same benefits afforded to the traditional shareholders,
which includes voting rights and a share of the company's profits
in the form of dividends. The tokenized shares are easily tradable
since they can be bought and sold 24/7/365 on the INX.One digital
asset platform. Plus, these shares, like all security tokens
available on INX.One, are regulated securities, which provides full
legal protection for investors.
"We are thrilled to be taking these essential steps to be the
first public company in North
America to have certain registered common shares
alternatively listed as digital shares on the INX.One security
token platform," said Jeff Ciachurski, CEO of Greenbriar Capital.
"I am delighted to say, INX is a Finra approved platform merging
investing and trading in security tokens, cryptocurrencies, and
capital raise services all in one platform. Greenbriar deeply
believes in the full democratization of investing. Rather than
limiting the expansive opportunities of Greenbriar to just our
existing 3,000 to 4,000 public shareholders, owning on average
8,000 to 9,000 common shares each; through digitization we can
dramatically increase access and the number of public token holders
- providing ownership opportunities to everyone in the worldwide
security token ecosystem. All security tokens digitized from
registered common shares will have full voting and dividend
rights."
INX continues to establish a path toward a more responsible and
innovative digital economy for U.S. and international investors.
Specifically, the INX.One platform sets a global standard for
effectively achieving democratization in financial markets, while
simultaneously providing the necessary regulatory guardrails
through close collaboration with U.S. and global regulators.
In 2021, INX 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. INX continues to lead
the industry in providing novel trading and capital raising
financial instruments to enterprises and companies worldwide.
For more information about INX, visit https://www.inx.co/.
Tokenization is not available to Canadian residents.
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.
About Greenbriar Capital Corp:
Greenbriar is a leading
ESG Alternative Asset developer of renewable energy and sustainable
real estate. With long-term, high impact, contracted sales
agreements in key project locations and led by a successful,
industry-recognized operating and development team, Greenbriar
targets deep valued assets directed at accretive shareholder
value.
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
For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160
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SOURCE The INX Digital Company, Inc.