Securities Token Platform INX Digital Ends 2021 with $16.3M Loss

INX Digital Company (NEO: INXD), which is known for operating a securities token platform, published its financials for 2021, reporting an adjusted net loss of $16.3 million. This figure was evaluated by deducting the company’s liabilities and expenses from net losses.

The cumulative loss for the year came in at $215 million. It includes a marked-to-market accounting liability to INX token holders of $161.2 million, a token warrant liability of $19.8 million, a one-time cost of $6.8 million associated with its initial token offering and a reverse merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term, as well as $10.9 million share-based payments.

A Major Year

Additionally, it ended the year with several major accomplishments, including market listings and acquisitions.

“2021 was an exciting time for our company as we completed two significant financings and listed two separate publicly traded instruments in two separate jurisdictions,” said INX’s Founder and CEO, Shy Datika. “The INX community has grown significantly as both token and equity holders share our vision of the digital future."

INX is one of the very few complaint platforms that allow companies to raise funds through the issuance of digital securities. In addition, it 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.

Moreover, the company completed its initial public offerings (IPO) last year, raising $83.6 million from 7,250 retail and institutional investors across 73 countries.

Datika added: “In 2021, we laid the table for the inevitable migration of assets onto the blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, and in 2022 we look to execute. With considerable updates to our technology and capabilities, we will begin to fire on all cylinders, attracting new users through our soon-to-be-released app, and introducing them to exciting public and private offerings that will join with us in their own significant communities.”