INX Announces First-Ever Blockchain-Powered Dividend Distribution
The INX Digital Company has announced its inaugural dividend payout to Trucpal Tokenholders, utilizing Ethereum blockchain technology. This marks the first-ever security token dividend distribution globally, conducted through INX's SEC-registered Transfer Agent. The dividend will be issued in USDC stablecoins, representing a significant enhancement in digital asset investing. This distribution enables HGC, the issuer of Trucpal Tokens, to reduce operational costs while providing investors with liquidity and potential wealth creation opportunities. The dividend is part of a broader mission to democratize finance, following INX’s successful $84 million IPO in 2021.
- First global dividend distribution for security tokens using blockchain technology.
- Dividend payment in USDC provides liquidity and growth opportunities for investors.
- Successful completion of operational cost reductions for the issuer HGC.
- Highlights INX's commitment to democratizing finance and digital asset investment.
- None.
Trucpal Tokenholders Will Receive Inaugural Dividend Payout Using Ethereum Blockchain
"Trucpal's first dividend distribution to its investors is a full circle moment for the INX team, and implementation of the company's vision to allow true democratization of finance," said
HGC's dividend payment using INX's blockchain-powered Transfer Agent is the first of its kind globally and represents the next evolution of digital asset investing. For issuers, HGC's dividend payout with INX enables greater opportunities to cut operational costs, engage with investors on a deeper level and raise capital. For investors, it provides liquidity and an opportunity for additional wealth creation that wasn't available before today.
"With the support of INX and
HGC continues to revolutionize
The Trucpal Token was offered pursuant to Reg D and Reg S exemptions in accordance with
"We look forward to working with our current issuer partners like HGC, and many others to come, that are interested in leveraging the wealth of opportunities available by participating in the digital economy through fully-regulated digital assets," Avneri stated.
INX's mission is to increase access for
In 2021, INX became the first
For more information about INX, visit https://www.inx.co/
About INX:
INX provides a regulated trading platform for digital securities and cryptocurrencies.
With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and innovative regulatory approach.
About The
In addition to operating two regulated trading platforms for blockchain assets, INX's interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the
About HGC
HGC operates a blockchain based freight service SaaS platform in
Cautionary Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
The NEO Exchange is not responsible for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
For further information, contact:
The
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co
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FAQ
What is the significance of INX's first dividend payout using blockchain technology for INXDF investors?
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How much is the dividend that INX is distributing to Trucpal Token holders?
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