Republic Acquires INX for $60M to Build Regulated Tokenized Asset Marketplace
- Republic will purchase the business for $60 million as part of the agreement, which has been authorized by the INX board.
- Republics objective of developing a global platform for tokenized investment access would be aided by the arrangement.
Republic, a private investment firm, has announced that it has finalized an agreement to purchase The INX Digital Company, a trading platform regulated in the United States. Republic will purchase the business for $60 million as part of the agreement, which has been authorized by the INX board.
Republic and INX reached an agreement for a total of $60 million. For a total of $54.8 million, Republic will purchase all of the issued and outstanding common shares of INX, excluding those that Republic already owns. Of this sum, $18.8 million will be given to the Rollover Shareholders as consideration, and Republic will pay $36 million to the non-Rollover Shareholders. Regarding the consideration to be given to non-rollover shareholders, Republic will pay $20 million in cash when the arrangement is finalized, and $16 million eighteen months after the escrow deposit date. The involvement of the rollover shareholders may affect the valuation.
Republics objective of developing a global platform for tokenized investment access would be aided by the arrangement. Republics clients will be able to trade cryptocurrencies, security tokens, and real-world assets (RWAs) as a result of the partnership.
Andrew Durgee, CO -CEO of Republic, said:
This acquisition is about more than just expansionits about reshaping access to the private markets. Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level. Were proud to bring our expertise together to make tokenized investing more accessible, compliant, and scalable.
Shy Datika, Founder and CEO of INX, added:
This is a defining moment for INX and the future of digital finance. Joining forces with Republic accelerates our vision of a fully regulated, tokenized economy that empowers investors globally. Together, were setting a new standard for how real-world assets and digital securities are issued, traded, and managed. By combining INXs expertise in security token trading with Republics global investment reach, the merged entity will offer a full investment lifecycle in a regulated and scalable ecosystembridging traditional finance with blockchain technology.
Republic becomes a fully functional marketplace for security tokens and digital assets with the integration of INXs top-tier trading infrastructure, which allows issuers and investors to access it with ease. The purchase includes INXs technological stack, including its U.S.-regulated broker-dealer, money transmitter licenses (MTLs), transfer agent, and Alternative Trading System (ATS).
Initiatives such as the recent introduction of Hamilton Lanes Private Infrastructure Fund and the Republic Note listing on the INX.One platform have already shown the power of this combination. These accomplishments demonstrate the strength of the merged company that will emerge from the deal, establishing an investment ecosystem that connects conventional and blockchain-based financing.
Companies will have access to a regulated framework for secondary market access, capital raising, and tokenization. New investment options and a wide variety of digital assets, such as security tokens, RWAs, shares, stablecoins, cryptocurrencies, bonds, ETFs, private credit, and real estate, will be made available to retail investors.
Over 3.2 million investors worldwide will be served by Republic and INX, which will streamline trading, investing, and fundraising while enhancing the regulatory legitimacy of digital assets.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
