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New Deal


Announced

INX to acquire Openfinance Securities.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

broker-dealer

Pending

Diversified Financials

Cross Border

United States

Friendly

Private

Single Bidder

Synopsis

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INX, a global blockchain-based platform for trading digital assets, agreed to acquire Openfinance Securities, a secondary market trading platform. Financial terms were not disclosed. “Digital securities represent a new evolution in traditional capital markets. There are massive benefits of listing and trading digital assets versus traditional equities. Openfinance has pioneered this space and earned the respect of Wall Street, the blockchain community, and US regulators. We are proud to add those incredible achievements to the INX portfolio – offering investors more access to liquidity,” Shy Datika, INX President and Founder.

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