INX Acquires SEC-Registered Tokensoft Transfer Agent

INX Limited (INX ATS: INX), a securities token platform, announced on Wednesday its acquisition of Tokensoft Transfer Agent LLC (TTA), which is an SEC-registered transfer agent owned by Tokensoft.

TTA is a popular transfer agent that facilitated the issuance and listing of SEC-compliant digital securities, including the INX Token and Arca's ArCoin. Additionally, the token standard used by the transfer agent ensures compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term of the digital securities on both centralized and decentralized exchanges.

The acquisition came as a strategic move as it will ensure the offering of ‘nose to tail’ services for the issuance and listing of digital securities by INX.

“This acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term is indicative of INX's commitment to building a global regulated hub for digital assets, with a focus on the digital securities capital markets infrastructure,” said Shy Datika, the founder and CEO of INX.

“Over the next few months, INX Securities, LLC, INX's US-regulated digital securities broker-dealer and alternative trading system, will announce primary issuances, new secondary trading listings, new business lines and exciting partnerships. We look forward to strengthening our relationship with Tokensoft going forward as we build out our offerings.”

Acquisitions

INX is one of the very few complaint platforms that allow companies to raise funds through the issuance of digital securities. The latest acquisition is the second big takeover of the company as earlier it acquired Openfinance Securities, a broker-dealer ATS.

However, the financials involved in both deals were not disclosed to the public.

Mason Borda, the Co-Founder and CEO at Tokensoft, said: “We have worked closely with the INX team over the past 12 months, and as the management of the transfer agent passes into their capable hands, we look forward to working even closer together as we redefine the financial landscape together.”