NEW
YORK, March 13, 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 Hashrate Asset Group ("HAG"), the first
in the bitcoin mining space under Reg D/S filing
to the SEC, will list the HAG Bitcoin mining security
token on the INX.One platform– the world's first and only
fully-regulated, end-to-end platform for listing and trading both
SEC-registered security tokens and cryptocurrencies.
INX Announces the Listing of Hashrate Asset
Group's (HAG) - Bitcoin Mining Security Token
HAG will offer 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, HAG's anticipated monthly dividends policy allows
every token holder to receive Bitcoin returns in a
timely fashion. Such dividend policy will be audited by a third
party and coded on a smart contract. By offering this raise in
reliance on an SEC specific exemption that complies with the US
Securities laws, HAG is providing added protection – ensuring
investors' rights and interests.
"We are excited to offer HAG's security token on the unified
INX.One platform. HAG is delivering access to the
Bitcoin mining sector – doing it in a secure and
regulated way," said Shy Datika, CEO of INX. "Until now, only a
selected group of investors could reap the benefits from these
types of opportunities. By democratizing alternative investments,
investors from all over the world are able to take advantage of the
wealth of opportunities that are available through digital assets
like HAG."
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.
"As more regulators actively engage with the crypto
market after the recent crisis, fully compliant products such as
security tokens will emerge as the biggest winners since they
combine the best of both worlds - traditional and digital," said
Chia-Ching Su, a TSMC veteran and
CFO of HAG. "At the same time, Bitcoin has always held
an irreplaceable position in the crypto world and is
one of the crypto assets with the most investment
potential. HAG hopes to provide greater access for investors to the
Web3 field and enjoy the appreciation of Bitcoin
through mining. We believe that the INX platform is the very best
place to help us achieve this remarkable milestone."
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.
The HAG and INX alliance will provide investors on the INX.One
platform with another SEC-filed security token, but the very first
using Bitcoin mining with an opportunity for monthly
WBTC dividends.
To learn more about HAG and its unique security token offering,
visit: www.hagsto.com/
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/
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/inx-announces-the-listing-of-hashrate-asset-groups-hag-bitcoin-mining-security-token-301770210.html
SOURCE The INX Digital Company, Inc.