Blockchain platform closes first SEC-registered token IPO | cryptocurrencies | FinanceAsia

INX Limited, a blockchain-based platform for buying and selling digital securities and cryptocurrencies, has closed the primary SEC-registered token IPO with an estimated $85 million in gross proceeds from token gross sales.

Over 7,200 retail and institutional buyers participated within the transaction.

INX Tokens have been purchased by retail and institutional buyers in 75 international locations, with greater than 61,000 buyers expressing curiosity however unable to spend money on the IPO partly because of Blue Sky restrictions.

The deal paves the best way for authorized, regulated and secure capital elevating and buying and selling for each enterprises and early-stage firms by issuing safety tokens as a substitute for legacy fairness choices….

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