INX ANNOUNCES INTEGRATION WITH POLYGON

Rhea-AI Summary

INX Digital Company has announced support for Polygon on its regulated INX.One ATS, enhancing secondary listings. This integration aims to improve the accessibility of digital assets for U.S. and international investors, promoting a multi-blockchain ecosystem.

The INX.One platform facilitates the issuance of digital security tokens, streamlining capital raising. Polygon's scaling capabilities will provide INX users with access to over 53,000 decentralized applications (dapps), enhancing functionality and user experience. INX previously completed a $84 million SEC-registered digital security IPO, signaling its commitment to pioneering financial innovation.

Positive

• Integration with Polygon expands access to a high-performing blockchain for secondary listings.
• INX.One platform enhances capital raising capabilities and streamlines digital token issuance.
• Polygon allows access to a wide array of dapps, improving user experience on the INX platform.
• INX's previous SEC-registered IPO raised $84 million, reflecting strong market confidence.

Negative

• None.

INX Now Supports Polygon on its Regulated INX.One ATS for Secondary Listings

NEW YORK and TORONTO, March. 16, 2023 /PRNewswire/ -- The INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF) ("INX"), a broker-dealer and inter-dealer broker, has announced today its full support of the Polygon Blockchain for secondary listings on INX.One - the world's first and only fully-regulated, end-to-end platform for listing and trading both SEC-registered security tokens and cryptocurrencies. The addition of Polygon to INX's ATS is another milestone in the shared vision to pioneer the new digital economy by bringing real world assets on chain.

INX Now Supports Polygon on its Regulated INX.One ATS for Secondary Listings

"As INX's global issuer and investor community expands in size and in requirements, we are responding by delivering access to multiple, high-performing blockchains," said Shy Datika, founder & CEO of INX. "Polygon is well-positioned among leading blockchain providers, supporting Web3 technology for millions of users, while enabling even greater choice for our robust line up of security token issuers on the INX.One platform."

The INX.One platform is a true Token-as-a-Service (TaaS) platform designed for capital raise purposes. The end-to-end hub streamlines the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital. INX.One is a multi-blockchain ecosystem that ensures greater choice and exceptional user experience - all on a regulated and fully-licensed platform.

Polygon was designed to work in parallel with the Ethereum network to improve functionality by reducing transaction fees, increasing throughput, and promoting infrastructure development. The leading Ethereum scaling platform boasts just over 53,000 dapps, and has become the de facto platform for Web3. The network offers an array of blue-chip services ranging from decentralized finance (DeFi) dapps such as Aave, Curve, Balancer, and Uniswap, to the best gaming and metaverse platforms, including Decentraland, Somnium Space, Sandbox, Atari (multiverse), and Aavegotchi — all of which are now easily accessible to INX users and issuers.

INX's mission is to increase access for U.S. and international investors to the growing opportunities in the digital economy. INX.One platform sets a global standard for effectively achieving democratization in financial markets, while simultaneously providing the necessary regulatory guardrails through close collaboration with U.S. and global regulators.

In 2021, INX became the first SEC-registered digital security IPO – closing with $84 million in gross proceeds from over 7,250 retail and institutional investors. 92.9 million INX Tokens were sold in the IPO. INX continues to lead the industry in providing novel trading and capital raising financial instruments to enterprises and companies worldwide.

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 INX Digital Company, Inc. INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.

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 INX Group website here.

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 the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.‍

For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co

For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160

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SOURCE The INX Digital Company, Inc.

FAQ

What is the significance of INX supporting Polygon?

INX's support for Polygon enhances its regulated trading platform, improving accessibility and functionality for digital security listings.

How does INX.One facilitate capital raising?

INX.One streamlines the issuance process of digital security tokens, providing a comprehensive platform for capital raisers.

What are the benefits of Polygon integration for INX users?

The integration provides INX users with access to over 53,000 dapps, lowering transaction fees and enhancing overall user experience.

When did INX complete its SEC-registered IPO?

INX completed its SEC-registered IPO in 2021, raising $84 million from over 7,250 investors.

What impact does Polygon have on INX's trading capabilities?

Polygon allows for improved transaction efficiency and supports a greater choice of offerings for security token issuers on the INX platform.