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 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 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.”
