Latest news with #INX
Time of India
2 days ago
- Entertainment
- Time of India
ZEROBASEONE's Kim Ji-woong donates 10 million to flood victims in Seoul
ZEROBASEONE Kim Jiwoong ZEROBASEONE's Kim Ji-woong, made headlines this morning after donating 10 million KRW to aid those hit by intense floods in Korea's capital area. Known for his smooth vocals and charm, Kim debuted with INX in 2016 and joined ZEROBASEONE via Mnet's 'Boys Planet' in 2023. His agency says he wanted to offer sympathy and a bit of recovery help. Acts of generosity Kim's not new to giving back; this is his second big donation in 2025 alone. In March, he gave another 10 million KRW for wildfire relief in Ulsan, Gyeongbuk, and Gyeongnam, as per Hope Bridge reports. Now in his third year since ZEROBASEONE debut, these steady contributions highlight his ongoing commitment. Industry watchers from the Korea Entertainment Management Association note that such idol actions boost fan donations, with youth involvement up 15% lately (Statista 2025 trends). Impact on Fans and Recovery The funds support emergency aid like laundry vehicles and mental health services for thousands affected. Hope Bridge's Shin Hoon praised Kim's positive influence, vowing quick victim recovery. It's fun how this might spark fan memes, mixing sombre news with K-pop creativity. Sparking More Good Vibes Kim's steady philanthropy shows K-pop stars leading by example, potentially inspiring global fan efforts. With ZEROBASEONE's 5 million-plus followers (Weverse data), his consistent deeds create positive ripples-proving small acts build big change. "Get the latest updates on Times of India, including reviews of the movie Coolie and War 2 ."
Cision Canada
7 days ago
- Business
- Cision Canada
The INX Digital Company Reports Q2 2025 Financial Results
TORONTO, Aug. 14, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) ("INX" or the "Company"), the owner of security token and digital asset trading platform, U.S. broker-dealer, alternative trading system, and transfer agent—announced today its financial results for the second quarter ended June 30, 2025. The financial performance for the second quarter of 2025 reflects the Company's continued progress in enhancing its infrastructure, expanding platform capabilities, and positioning itself for scale under its pending acquisition by Republic. All balances are in U.S. Dollars. Acquisition Update During Q2 2025, the acquisition of INX by OpenDeal Inc. (d/b/a Republic) advanced significantly, with approvals secured by INX shareholders, the Canadian court, and FINRA (the U.S. Financial Industry Regulatory Authority), among others. The transaction is now progressing toward completion. Q2 2025 Financial Highlights: Balance Sheet Position: As of June 30, 2025, INX held total working capital of $1.9 million and adjusted working capital of $10.6 million, excluding the Reserve Fund and INX Token liability. Q2 Trading and Transaction Fees: Trading and transaction fees for Q2 totaled $52K, compared to $104K in the same period in 2024. Net Loss: The net operating loss for Q2 was $4.2 million, compared to $3.8 million in Q2 2024. Reserve Fund: A reserve fund of $34.3 million continues to be maintained for the protection of customer funds. Cash Flow: Net cash used in operating activities during Q2 was $5.8 million. Operational Progress and Strategic Execution Q2 2025 was marked by significant advancements in user experience, banking infrastructure, and platform positioning as INX continued to strengthen its role as a multi-asset platform connecting cryptocurrencies, stablecoins, Real-World Assets (RWAs), and security tokens under a unified, U.S.-registered trading environment. The Company's efforts were focused on supporting retail adoption and operational scale through technology and infrastructure upgrades. INX has completed the migration of its banking and payments infrastructure for INX Securities to Rail and its banking partners to enhance fiat onboarding and withdrawals. These enhancements improved automation across onboarding, funding, and account approvals, positioning INX to serve a broader user base more efficiently. Additionally, INX delivered user-facing upgrades aimed at simplifying and clarifying the user journey for self-directed investors seeking on-chain diversification. Key improvements included: A streamlined onboarding experience with clearer status tracking and enhanced ID verification. Development of the updated Portfolio dashboard, designed to better reflect INX's positioning as a unified platform for multiple asset types, was completed in Q2.A Ongoing improvements to the mobile app, expanding token visibility and providing easier access to security token holdings. On the operational side, INX's focus in Q2 was on platform resilience and scalability. The Company deployed over 16 infrastructure patches, a record for a single quarter, addressing production issues and optimizing processes tied to banking integrations and user flows. These efforts directly enhanced platform stability and user experience during a period of transition. The platform's regulatory and compliance infrastructure was further reinforced with the implementation of automated FINRA trade reporting, alongside improvements to back-office tools supporting account status monitoring and reporting. INX also expanded its blockchain integrations to include Polygon and Avalanche for enhanced security token issuance capabilities and continued upgrading its infrastructure with enhanced security protocols, migration to and scalability improvements on AWS Kubernetes. Strategic Positioning in a Dynamic Market INX continues to solidify its position as a trusted venue for compliant trading of security tokens, RWAs, and cryptocurrencies. The platform's integrated infrastructure now better supports scalability, operational efficiency, and regulatory rigor — positioning INX as a key component in Republic's future global offering. Shy Datika, CEO of INX, commented: "Q2 was a pivotal quarter for INX. We delivered meaningful improvements to our user experience, resolved key operational challenges, and completed the heavy lifting of our banking migration. Just as importantly, we secured shareholder, court, and FINRA approval for our acquisition by Republic — a milestone that unlocks our next phase of growth. As the digital asset space continues to evolve, INX remains committed to providing the most compliant, transparent, and seamless platform for trading both crypto and security tokens." About INX: INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach. About The INX Digital Company, Inc.: INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here. Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to the continuous development of the INX trading platform, the completion of the transactions described herein, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise. CBOE Canada is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to the U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE The INX Digital Company, Inc.
Yahoo
26-06-2025
- Business
- Yahoo
Tokenized Shares in Elon Musk's SpaceX Coming From Republic: WSJ
Investment firm Republic is set to let retail investors gain exposure to one of tech's most coveted startups, Elon Musk's SpaceX. Starting this week, the platform plans to sell blockchain-based rSpaceX tokens, whose value is set to track the value of the privately-held SpaceX, reports the WSJ. Each rSpaceX token is a promissory note issued under Regulation Crowdfunding, a provision in the 2012 JOBS Act that allows small securities sales to retail buyers. Holders of the rSpaceX token won't be shareholders in the company, which was valued at $350 billion in December last year, but would participate in price action of the shares. Republic is known for offering retail investors access to investments typically otherwise off-limits. Its future token launches could include notes on shares of OpenAI and Anthropic, according to the WSJ report. Permission from SpaceX or other firms isn't necessary as the tokens represent securities sold by Republic itself, said Republic CEO Kendrick Nguyen. Investors will be able to trade the tokens on INX, an exchange Republic is in the process of acquiring. There is, however, a one-year holding period. Other projects in the crypto sector are also looking to offer retail investors access to investments previously reserved for high-net-worth individuals. BNB Smart Chain-based Paimon Finance this week launched SPCX, a token it says offers exposure to SpaceX shares. Sign in to access your portfolio
Cision Canada
19-06-2025
- Business
- Cision Canada
The INX Digital Company, Inc. Announces Shareholder Approval of Previously Announced Arrangement with Republic
TORONTO and NEW YORK, June 19, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (" INX" or the " Company") is pleased to announce that its previously announced plan of arrangement (the " Arrangement") with Republic Strategic Acquisition Co., a wholly-owned subsidiary of OpenDeal Inc. (d/b/a Republic) (" Republic") was approved by the Company's shareholders (" Shareholders") at today's annual general and special meeting of Shareholders (the " Meeting"). Pursuant to the Arrangement, Republic will acquire all of the outstanding shares of the Company (the " Shares") not already held by Republic. 144,189,371 votes, or approximately 99.99% of the votes cast at the Meeting by Shareholders voting virtually or represented by proxy were cast in favour of the special resolution approving the Arrangement (the " Arrangement Resolution")(51,488,664 votes, or approximately 99.98% of the votes were cast in favour of the Arrangement Resolution, excluding Shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions). The Arrangement Resolution was required to be passed by (i) at least two-thirds (66 2/3%) of the votes cast at the Meeting by the Shareholders voting virtually or represented by proxy at the Meeting; and (ii) a majority of the votes cast by the Shareholders voting virtually or represented by proxy at the Meeting and entitled to vote thereat, excluding Shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Details of the voting results will be filed under the Company's profile on SEDAR+ at The Company will apply for a final order of the Supreme Court of British Columbia on June 25, 2025. Closing of the Arrangement remains subject to certain customary closing conditions including court approval. Assuming the satisfaction of these closing conditions, the Arrangement is expected to close in the fourth quarter of 2025. About the INX Group: INX provides regulated trading platforms for digital securities and cryptocurrencies. With a blend of traditional market expertise and a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance, and technology veterans committed to redefining capital markets through blockchain technology and a disciplined regulatory approach. The INX Digital Company, Inc. is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. Our mission is to bring communities together and empower them with financial innovation. INX's journey began with the initial public token offering of the INX Token, in which it raised US$84 million. The INX Group is shaping the blockchain asset industry by working within a regulated environment under oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here. About Republic: Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, HOF Capital, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies with operations established in the US, the UK, EU, the UAE, and South Korea. For more information on Republic, visit All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th FL, New York, 10010 please check our background on FINRA's BrokerCheck and Form CRS here. *Any commission sharing agreements between INX and Republic are specifically between Republic's regulated entities - OpenDeal Portal LLC and OpenDeal Broker LLC. Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" (" forward-looking information") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Forward-looking information includes predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance and often uses phrases such as "expects", "anticipates", "plans", "believes", or variations of such words and phrases. Forward-looking information includes, but is not limited to, statements with respect to the Arrangement, including the timing to complete the Arrangement, and other statements that are not historical facts. INX has made certain assumptions in disclosing the forward-looking information contained in this press release, including the continued development of the INX trading platform, the ability to complete the Arrangement on the contemplated terms or at all, and that the conditions precedent to closing of the Arrangement can be satisfied. While INX believes the expectations reflected in such forward-looking information are reasonable, no assurance can be given that these expectations will prove correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors include the ability to complete the Arrangement on the contemplated terms or at all, that the conditions precedent to closing of the Arrangement can be satisfied, regulatory developments, market conditions for digital securities and cryptocurrencies, and general economic conditions. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise forward-looking information to reflect actual results or new information. Cboe Canada is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or solicit an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE The INX Digital Company, Inc.
Cision Canada
15-05-2025
- Business
- Cision Canada
The INX Digital Company Reports Q1 2025 Financial Results
TORONTO, May 15, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) ("INX" or the "Company"), the owner of security token and digital asset trading platform, U.S. broker-dealer, alternative trading system, and transfer agent—announced today its financial results for the first quarter ended March 31, 2025. The financial performance for the first quarter of 2025 is outlined below, reflecting the Company's focus on expanding its crypto offerings, sustaining a dual-asset platform strategy that includes security tokens (Real World Assets or "RWA") and cryptocurrency trading, and its navigation of a pending acquisition. All balances are in U.S. Dollars. On April 3, 2025, INX entered into an arrangement agreement to be acquired by OpenDeal Inc. (d/b/a Republic) ("Republic"), a global financial technology firm, in a transaction that values the Company at up to $60 million, payable in cash and equity consideration. The arrangement agreement was approved by the Company's Board of Directors and a special committee of independent directors and remains subject to shareholder, regulatory and court approvals as well as customary closing conditions. The acquisition marks a significant milestone for INX and signals the next phase in scaling regulated digital asset infrastructure. Q1 2025 Financial Highlights: Balance Sheet Position: As of March 31, 2025, INX held total working capital of $11.2 million and adjusted working capital of $13.7 million, excluding the Reserve Fund and INX Token liability. Q1 Trading and transaction fees: Trading and transaction fees for Q1 showed a total of $52K, compared to $90K in the same period in 2024, representing a 42% year-over-year decrease. Net Loss: The net operating loss for Q1 was $4.1 million, compared to $2.6 million in Q1 2024 Reserve Fund: A reserve fund of $34.3 million has been maintained for the protection of customer funds. Cash Flow: Net cash used in operating activities during Q1 was $2.4 million Strategic Positioning in a Changing Market As global interest in tokenization of RWAs accelerates—driven by institutional momentum and geopolitical shifts—INX continues to deliver on its mission to bring regulated liquidity to the digital asset ecosystem. The Company's flagship platform, enables retail and institutional investors to trade cryptocurrencies and security tokens representing RWAs within a unified, regulated environment. In Q1 2025, INX expanded its crypto asset pool with new listings, including Solana, TRUMP, MELANIA, Dogecoin, and PEPE Coin. These additions support the Company's mission to deliver accessible trading in both emerging and established digital assets. Global Reach and Institutional Momentum INX exhibited at the Paris Blockchain Conference in Q1 2025, where it engaged with a wide range of institutional participants seeking to list security tokens for compliant market trading for secondary trading. INX believes that interest in RWA tokenization is surging and that it has positioned itself as a trusted venue for compliant trading. The Company also expanded its geographic footprint and is now authorized to offer regulated trading of security tokens and RWA in all U.S. states except one and continues to expand its crypto trading services under a separate regulatory framework. Shy Datika, CEO of INX, commented: "This was a defining quarter for INX. The agreement with Republic signals more than just momentum — it's a step toward realizing a 360-degree digital asset ecosystem. As interest in RWAs and crypto accelerates, INX stands at the intersection of both worlds, offering a unified, regulated environment for trading, custody, and capital markets access. Our dual-platform approach, now reinforced by Republic's scale and infrastructure, positions us to lead the evolution of compliant digital finance — end to end." About INX: INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach. About The INX Digital Company, Inc.: INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here. Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to the continuous development of the INX trading platform, the completion of the transactions described herein, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise. CBOE Canada is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
