NEW YORK, June 21, 2023 /PRNewswire/ — The INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF) (“INX”), a broker-dealer and an inter-dealer broker, announced today that the HAG Bitcoin Mining security token offering, the first of its kind in the bitcoin mining space pursuant the SEC exemption under Reg D/S, is now officially open for investors on the INX.One platform – the world’s first and only regulated, end-to-end platform for listing and trading both SEC-registered security tokens and vetted cryptocurrencies.
Backed by Bitcoin computing power, HAG offers eligible investors a brand-new option to invest in Bitcoin through hashrate ownership with the security and compliance of the INX.One’s regulated platform.
In addition to the opportunity to own an investment in an industry previously inaccessible, investors can also expect to receive a share of mined bitcoin directly into their digital wallets on a monthly basis. The INX transfer agent will distribute the dividends transparently and seamlessly in the form of wBTC.
“INX continues to grow its capital raising marketplace with a diverse group of companies, each from a different industry vertical and each with a unique value proposition for investors and the greater digital finance ecosystem,” said Bob Ejodame, VP, Capital Markets at INX. “The HAG Bitcoin Mining security token offering and listing on INX.One showcases the versatility of our platform for security token offerings (STOs) and beyond.”
INX provides regulated trading platforms for digital securities and cryptocurrencies, combining traditional market expertise with an innovative fintech approach. For security token issuers, INX.One offers a true Token-as-a-Service (TaaS) platform designed for capital raise purposes. The unified, regulated hub streamlines the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital. An end-to-end solution for issuers, INX.One Issuance Services includes transfer agent, broker/dealer, and ATS licenses to raise capital and list the token for secondary trading, smart contract design, and marketing and promotion support. INX holds all of the necessary licenses issuers need, along with a global team of experts to offer guidance along the way.
“HAG provides potential investors with a compliant investment tool in Bitcoin mining products which is issued pursuant to an SEC exemption on a regulated platform through INX and is targeting to pay a monthly Bitcoin dividend,” says CEO, Wei-Chuan Chen. “Today, HAG is excited to open the door for investors interested in BTC mining to help them establish Bitcoin-related assets in their portfolios.”
INX made history in 2021, when it 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.
To learn more about INX, which continues to lead the industry in providing novel trading and capital raising financial instruments to enterprises and companies worldwide, which includes INX.One. visit: https://www.inx.co/.
To learn more about HAG and its unique security token offering, visit: www.hagsto.com/
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
Website: https://www.inx.co/
Twitter: https://twitter.com/INX_Group
Telegram: https://t.me/INXCommunity
For more information, contact:Liz Whelan
liz@lwprconsulting.com
(312) 315-0160
SOURCE The INX Digital Company, Inc.
