INX Digital Company Submits Bid for Voyager Digital Assets

November 30, 2022 9:15 AM EST

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The INX Digital Company, Inc. (OTC: INXDF) submitted a bid, in the form of a non-binding Letter of Intent, to purchase assets of Voyager Digital Ltd. (OTC VYGVQ), following the company's bankruptcy filing. INX is among other companies bidding for Voyager's assets.

INX's bid to acquire Voyager leverages its position as both a FINRA and SEC-regulated broker-dealer/ATS and as a cryptocurrency trading platform in 43 US states and territories in which it has obtained money transmitter licenses or is otherwise authorized to operate. The end-to-end regulated platform, INX.One, enables trading, issuing, minting, and instant settlement of security tokens and cryptocurrencies. Security tokens can be used to offer profit-sharing, voting rights and equity representation. Additionally, they can be leveraged as part of a debt restructuring and bankruptcy loss recovery mission.

"Our bid is a strategic next step in executing INX's vision to democratize finance and reshape existing paradigms in the market by leveraging the power and versatility of its regulated trading platform," said Shy Datika, CEO of INX. "We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers and creditor interests - giving them the stability they are looking for."

"As market structure continues to evolve on automated blockchain technology within the regulated environment, new digitized solutions will democratize finance and set the foundation for a revolution in innovative security solutions," said David Weild, INX's chairman of the board and former Vice Chairman & Executive Vice President at Nasdaq.

In 2021, INX became the first SEC-registered digital security IPO – closing with $83.6M gross proceeds from over 7,300 retail and institutional investors. 92.9M INX Tokens were sold in the IPO. INX continues to lead the industry in providing novel trading and capital-raising financial instruments to enterprises and companies worldwide.h.

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