Digital Asset Exchange INX launches IPO with Tokensoft
Digital asset exchange INX Ltd. has launched the first blockchain IPO in the US utilizing the Tokensoft technology platform. Following the successful launch of the first SEC-registered mutual fund, ArCoin, Tokensoft Inc. (Tokensoft) is excited to announce the launch of the first Blockchain IPO with digital asset exchange INX Ltd. (INX) on the Tokensoft platform, now available on the INX website. The INX launch is the first foreign IPO (F-1 Offering) of a digital security token in the US that has received effectiveness from the SEC and reflects the growing confidence that the SEC has in customers utilizing Tokensoft’s blockchain infrastructure.
The following Tokensoft services are being utilized by INX to facilitate its launch, tokensoft Offering Platform — To shepherd investors through compliance procedures and the IPO subscription process by enforcing regulatory requirements in every US state to meet Blue Sky filing requirements, Tokensoft Investment Accounts — To enable IPO investors to self-manage blockchain-based investments and Tokensoft Transfer Agent — To provide shareholder services and blockchain administration services using Hub Security.
The Tokensoft-supported INX IPO portal is currently open for registration by interested investors. INX’s prospectus outlines a plan for security token holders to receive 40% of underlying cash flows along with discounts on INX services. To learn more, please visit the INX website.