INX Limited, the company behind blockchain-based platforms for trading digital securities and cryptocurrencies, announced that the acquisition of Openfinance Securities has been completed. This is after INX received an approval from the Financial Industry Regulatory Authority Inc (FINRA) for change of ownership.
The acquisition of Openfinance accelerates our time to market considerably in the digital securities space. In addition to the cryptocurrency exchange, we offer a digital security trading platform to investors. It is exciting to offer so many digital services under one roof. We look forward to adding more in the future.
Shy Datika, CEO of INX
INX is now authorized to count Openfinance’s broker-dealer/ATS — such as its digital security listing and client base — among its wholly-owned subsidiaries.
The registered users of Openfinance will be able to access the INX Digital platform with their Openfinance verification credentials.
Moreover, INX gains the opportunity to further develop the functionality of the existing platform by applying specific upgrades. INX plans to list the INX Token on the digital securities platform in July after the upgrades have been implemented.