INX Leads the Finance Industry into the Future with Registered Public Offering of “Security Tokens” | McDermott Will & Emery


    THE CHALLENGE:

    When INX Limited formed in 2017, its founders recognized that market enthusiasm around bitcoin and other blockchain assets would lead to a new standard in the finance industry.

    Looking beyond the unregistered initial coin offerings (ICOs) that marked that era, INX developed a forward-thinking vision: work with regulators to bring the offering and trading of blockchain assets within the legal framework that governs securities. To accomplish this goal, INX set out to create its own security token—a relatively new financial instrument—that would possess a hybrid of characteristics, including a share of cash flow from INX operations and the right to redeem the token as payment for blockchain asset trades performed on INX trading platforms.

    Please see full Article below for more information.



    Source link

    Previous articleApple is Being Investigated for Anti-Competitive Behavior, Following Epic Games Lawsuit
    Next articleWeekend Deals: Save $70 on iPad Air, Apple AirPods for Only $120