INX Announces Listing of Hashrate Asset Group’s (HAG) Bitcoin Mining Security Token
NEW YORK, March 13, 2023 /PRNewswire/ — INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF) (“INX”), a broker-dealer and an inter-dealer broker, announced today that Hashrate Asset Group (“HAG“), the first in bitcoin mining site under Reg D/S filing with SEC, will list HAG Bitcoin mining security token on the INX.One platform – the world’s first and only fully regulated, end-to-end platform for listing and trading both SEC-registered security tokens and cryptocurrencies.
HAG will offer qualified investors a completely new option to invest in Bitcoin through hashrate ownership with the security and compliance of INX.One’s regulated platform.
In addition, HAG’s expected monthly dividend policy allows all token holders to receive Bitcoin will return in time. Such dividend policy will be audited by a third party and encoded on a smart contract. By offering this increase in reliance on an SEC-specific exemption that complies with US securities laws, HAG provides additional protection – and safeguards investors’ rights and interests.
“We are pleased to offer HAG’s security token on the unified INX.One platform. HAG delivers access to Bitcoin mining sector – do so in a safe and regulated manner,” said Shy Datika, CEO of INX. “Until now, only a select group of investors have been able to reap the benefits of this type of opportunity. By democratizing alternative investments, investors from around the world are able to take advantage of the wealth of opportunities available through digital assets like HAG.”
INX offers 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 raising 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 marketing support. INX has all the necessary licenses that issuers need, along with a global team of experts to provide guidance along the way.
“When more regulators actively engage with crypto market after the recent crisis, fully compatible products like security tokens will emerge as the biggest winners as they combine the best of two worlds – traditional and digital,” said Chia-Ching Su, a TSMC veteran and CFO of HAG. “Simultaneous, Bitcoin has always held an irreplaceable position in crypto the world and is one of them crypto assets with the greatest investment potential. HAG hopes to provide greater access for investors to the Web3 field and enjoy its appreciation Bitcoin through mining. We believe the INX platform is the very best place to help us reach this remarkable milestone.”
INX made history in 2021, when it was the first SEC-registered digital security IPO – ends with 84 million dollars in gross proceeds from over 7,250 private and institutional investors. 92.9 million INX tokens were sold in the IPO.
The HAG and INX alliance will provide investors on the INX.One platform with another SEC-filed security token, but the very first to use Bitcoin mining with possibility of monthly WBTC dividend.
To learn more about HAG and its unique security token offering, visit: www.hagsto.com/
To learn more about INX, which continues to lead the industry in providing new financial instruments for trading and raising capital to businesses and corporations worldwide, which includes INX One. visit: https://www.inx.co/
About INX:
INX offers a regulated trading platform for digital securities and cryptocurrencies. With the combination of traditional market 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 market expertise and an innovative fintech approach. INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. 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 where we raised the US 84 million dollars. INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators such as the SEC and FINRA.
In addition to operating two regulated trading platforms for blockchain assets, INX’s interdealer broker, ILS Brokers, plans to offer non-deliverable cryptocurrency forwarding to Tier-1 banks in future. For more information, please visit the INX Group website here.
Warning regarding forward-looking information and other disclosures
This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections , targets, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “expected”, “anticipates” or “does not anticipate”, “plans”, “budget” , “planned”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and expressions or which state that certain actions, events or results “may” or “could”, “would” , “may” or “will” be deemed to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information in this press release, INX has made certain assumptions, including with respect to ten l, th e continuous development of the INX trading platform, the offer of non-deliverables cryptocurrency going forward, 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 forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors that may cause 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 market for digital securities and cryptocurrencies and general economic conditions. Accordingly, readers should not rely on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and undertakes 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 which affects such future- looking for information or otherwise.
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This press 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 US Securities Act or any state securities laws and may not be offered or sold within the United States or to US persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, contact:
INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: [email protected]
Website: https://www.inx.co/
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SOURCE INX Digital Company, Inc.
