Republic Acquires Crypto Trading Platform INX for $54.8M
Hey FinTech Fanatic!
Republic is set to acquire all remaining shares of INX Digital for $54.8 million, in a transaction valued at up to $60 million. This follows a prior investment in 2023, when Republic acquired a 9.5% stake in the company.
INX, based in Canada and regulated in the U.S., is a platform for trading cryptocurrencies and tokenized securities. Its licenses—including broker-dealer, transfer agent, and alternative trading system—position it across several key segments of regulated digital finance.
Republic is a U.S.-based investment platform that enables 3 million retail investors to fund startups and private companies, with investments starting at $25. By bringing INX into its operations, Republic will extend its reach in digital asset services—including tokenized securities, stablecoins, and real-world assets (RWAs).
“This is a defining moment for INX and the future of digital finance,” said INX CEO Shy Datika. “By combining INX’s expertise in security token and cryptocurrency trading with Republic’s global investment reach, the merged entity will offer a full investment lifecycle in a regulated and scalable ecosystem.”
"Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level. We're proud to bring our expertise together to make tokenized investing more accessible, compliant, and scalable," added Andrew Durgee, Co-CEO of Republic.
In 2023, Republic invested $5.25 million in INX and partnered with the company to support its web3 infrastructure. The full acquisition now brings trading functions for both public and private markets under Republic’s umbrella, covering token issuance, custody, and secondary trading.
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