Crypto exchange INX applies to list its digital security 'INX Token' on the Canadian Securities Exchange

Cryptocurrency • October 30, 2020, 2:57PM EDT
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The as-yet-unlaunched crypto exchange INX has applied to list its digital security on the Canadian Securities Exchange (CSE).

Announcing the news on Friday, INX said the listing application is subject to the CSE's approval. Once green-lighted, the INX token would get listed on the traditional stock exchange.

INX is currently amid an initial public offering (IPO) using its tokens. The firm has so far raised $10 million out of the targeted amount of $117 million. While the IPO is still open until the end of 2020, it looks challenging for INX to get the desired amount.

INX, headed by Digital Currency Group founder Barry Silbert's brother Alan, is looking to develop INX Trading Solutions, a regulated exchange for cryptocurrencies, security tokens, and derivatives.

Earlier this week, INX said it would acquire Chicago-based broker-dealer Openfinance Securities. The deal is subject to regulatory approvals and other closing conditions.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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