Blockchain trading platform INX completes $125M SEC-approved token IPO
INX has reportedly raised $125 million from investors to build a fully regulated trading platform for crypto and security tokens. INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering.According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average of investors who participated in the token IPO was 42.As previously reported by....
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Security token issuers say the STO market needs greater liquidity to make a significant dent in the $200-trillion global capital market. Earlier in May, INX Limited — a Gibraltar-based blockchain trading platform — announced the completion of its INX token sale event, which took place via an initial public offering. The event marked the first time that the United States Securities and Exchange Commission approved a crypto-asset IPO.The SEC has been consistent in its characterization of most crypto assets as securities. Indeed, this stance has been at the forefront of the commission’s....
Leading crypto exchange Huobi has revealed data from their latest Huobi Token burned. The platform confirmed that 5.826 million HT or around $138.579 million were bought back from the market and used to continue the exchange’s token burning scheme. This Ethereum based token has a limited supply of 500 million and it’s leverage for users […]
Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token. German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain.Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace.German investors can invest in EXOeu via Stokr with a minimum investment amount of $100. EXOeu is the second STO ever approved for the....
In the near future, a non-fungible token collectible game is coming to the Bitcoin Cash ecosystem. The project dubbed “Enter the Sphere” aims to bring its NFT collectible universe to Bitcoin Cash by leveraging the Simple Ledger Protocol (SLP). Last week the team behind the project successfully raised 101 BCH ($24k) in order to kickstart the NFT experience. Last year a number of software engineers invoked the Simple Ledger Protocol (SLP) which allows the creation of permissionless tokens on the Bitcoin Cash (BCH) network. Since then, over 15,500 tokens have been created and a....
The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins and ten tethers.
Bitmex to Airdrop BMEX Tokens to Registered and KYC-Processed Users
On Tuesday, the crypto exchange Bitmex announced the minting of its own token called BMEX. The digital currency exchange said on Twitter that the newly minted asset is a “token for true....