Crypto trading platform INX plans to raise $130M via security token IPO, registered with the U.S. SEC

Gibraltar based crypto trading platform INX is seeking to raise up to $130 million in a security token offering according to SEC filings. The exchange plans to offer both security token and non security token trading in eight U.S. states initially before expanding to others in 2020. Token holders will be entitled to 40% of the company's net cash flow from operating activities but will not be equity holders according to the filing.

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