INX Ltd. said it will launch its long-awaited landmark initial public offering (IPO) as soon as Monday, capping a nearly two-year journey for the startup cryptocurrency and security token exchange.
The net proceeds would be used to:
The instruments on offer are a hybrid of utility and security tokens.
INX’s sale would mark a milestone for the blockchain industry.
It’s been a long road for the company, whose U.S. operations are led by Executive Managing Director Alan Silbert. (His brother Barry is the CEO of Digital Currency Group, the parent company of CoinDesk.)
UPDATE (Aug. 21, 15:00 UTC): Added sentence about notice of effectiveness from SEC.