New York-based INX Limited shot to prominence last year when it raised US$85 million in an initial public offering (IPO) that was not only tokenised but, because it was fully registered with the Securities and Exchange Commission (SEC), open to all kinds of investors. This broke with the established pattern of issuing security tokens to sophisticated investors only, placing INX in the vanguard of the burgeoning tokenisation industry. The company is already developing plans to tokenise OTC-traded companies, real estate, intellectual property and a variety of other asset classes on to its blockchain-based automated trading system (ATS). The company also operates a cryptocurrency trading platform and has acquired both a digital asset broker-dealing business and an inter-dealer broker. Future of Finance co-founder Dominic Hobson spoke to Douglas Borthwick, Chief Business Officer at INX.
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Where Finance Finds Its Future