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Mercredi 16 Juin 2021

INX Limited acquires ILS BROKERS LTD for USD 4.7M


Disclaimer: The text below is a press release that was not written by Finyear.com.
Avertissement : Le texte ci-dessous est un communiqué de presse qui n'a pas été rédigé par Finyear.com.



INX Limited (“INX”), the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, today announced the acquisition of ILS Brokers Ltd (ILSB).

Established in 2001, ILS Brokers Ltd. is an Israel-based interdealer-broker with over 50 tier-1 and tier-2 global bank relationships focusing on OTC trading of FX, interest rate and other derivative products. ILSB is an NFA member, registered as an introducing broker and swap firm and holds other licenses in Israel. The acquisition will allow INX to expand its global institutional reach while focusing on lead generation and OTC trading.

INX recently announced the closing of its acquisition of Openfinance Securities, LLC, a FINRA-regulated broker-dealer and alternative trading system, along with a significant partnership with GMO Trust to list the GYen, the first Yen-pegged stable coin launched with New York Department of Financial Services approval. INX envisions a multitude of digital offerings across asset classes and trading platforms.

INX President, Shy Datika, commented on the news: “I believe that through these recent events, INX is systematically cementing its position as the bridge between traditional finance and the world of cryptocurrencies and digital securities. The purchase of this interdealer-broker offers another building block and touch-point linking traditional finance with the cryptocurrency and digital security space, offering a full range of traditional and digital brokerage services.

We believe that cryptocurrency non-deliverable-forward (NDF) trading by global institutions will take the spotlight, especially given most institutions are looking for a way to trade cryptocurrency price volatility without the responsibility of actually holding the underlying assets. This acquisition puts us squarely in a position to provide markets in deliverable and non-deliverable currencies and cryptocurrencies to institutions in parallel with our digital securities and cryptocurrency trading platforms.”

The INX Token is the first SEC-registered digital security IPO for both retail and institutional investors. Through its digital securities platform, INX plans to provide innovative trading and capital raising financial instruments to enterprises and companies worldwide.

About INX Limited
INX Limited provides regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. INX is led by an experienced team of business, finance, and blockchain technology experts unified by the vision of redefining the world of capital markets via the leveraging of blockchain technology following a regulatory path.



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