The INX Digital Company (NEO: INXD), a New York-based digital asset broker-dealer partly owned and headed by the former CEO at Anyoption Shy Datika, has received an investment of $5.25 million at a valuation of $50 million from Republic, which also offered a full buyout option.

A Potential Buyout Deal

As announced yesterday (Monday), INX and Republic already signed a non-binding commitment for the full acquisition at a valuation of $120 million as early as the third quarter of this year.

Republic is already an existing investor at INX, and with the latest investment, it will possess about a 9.5 percent stake in the company. This initial investment deal is expected to be finalised within 60 days, subject to regulatory approval.

"This investment signifies the dawn of a new era in finance," said the CEO of Republic, Kendrick Nguyen. "By integrating INX's digital trading infrastructure for financial markets with Republic's expertise in primary distribution, we are redefining the way capital is raised and empowering both institutional and retail investors globally."

The Rising Demand for Digital Securities

INX is one of the very few complaint platforms that allow companies to raise funds through the issuance of digital securities. In addition, it has made two significant acquisitions, one is interdealer-broker ILS Brokers, and another is broker-dealer/ATS Openfinance. The new parent has rebranded Openfinance as INX Securities ATS.

The collaboration through investment will help INX to expand the "breadth and depth of tokenization infrastructure" and access to digital assets for investors worldwide.

"Our goal is to nurture and grow the global token economy by establishing the necessary infrastructure to not only support its operations but to also curate an investment experience that excites investors from all over the world," said Shy Datika, CEO of INX. "Through our collaboration with Republic as a strategic investor, we are creating a fertile environment for both traditional and digital assets to thrive."