Respist Formation Respublic plans to acquire Crypto and Tokeenized Securities Trading Platform inx for $ 60,000,000
Global Financial Republic plans to purchase the cryptocurrency trading platform and the distinctive symbol of tens of millions of dollars.
According to a new press releaseRepublic-which was founded in 2016 and is supported by the banking giant Morgan Stanley-plans to buy the asset icon platform in the real world inx (inxff) for up to $ 60 million.
The conditions of the deal would buy all public shares due in INX for about $ 54.8 million, although the completed deal may amount to $ 60 million.
The press statement says that Republic was interested in obtaining Inx because it allows the company, which was already a contributor to INX, to completely immerse itself in the world of digital assets by providing Blockchain -based decentralization and distinctive symbol services.
SHY DATIKA, founder and CEO of INX.
“Joining efforts with Republic accelerates our vision of the fully organized economy that enables investors worldwide. Together, we set a new standard for how to issue, trades and management of digital securities in the real world.
By combining INX experience in trading the distinctive symbol of security, cryptocurrency trading and global investment of the republic, the integrated entity will provide a full investment life cycle in an organized environmental and development system – bridging traditional financing technology and blocks. “
According to the press release, Republic purchases the rest of the stunning inx shares of 457 %, based on the latest closing price.
Inxdf is commerce For $ 0.0634 at the time of writing this report, a 20.75 % decrease per day.
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