Financial Firm Republic Plans To Acquire Crypto and Tokenized Securities Trading Platform INX for $60,000,000
The global financial firm Republic is planning on purchasing a crypto and tokenized securities trading platform for tens of millions of dollars.
According to a new press release, Republic – founded in 2016 and backed by banking giant Morgan Stanley – plans on purchasing real-world asset tokenization platform INX (INXDF) for up to $60 million.
The terms of the deal would have Republic purchase all outstanding public shares of INX for approximately $54.8 million, though the finalized deal could be worth up to $60 million.
The press release says Republic was interested in acquiring INX because it allows the firm, which was already a shareholder of INX, to fully immerse itself in the world of digital assets by providing…
