The INX cryptocurrency exchange will conduct an IPO for $ 130 million this April, reports CoinDesk citing its sources.
According to the updated prospectus, INX will move its headquarters from Gibraltar to New York, where it will apply for BitLicense.
The company has already obtained a money transfer operator license in eight states.
INX had been validating a token sale with the US Securities and Exchange Commission (SEC) for two years. Having received approval, the exchange entered into agreements with the Anchorage and BitGo custodians, owned by Alan Silbert (brother of the CEO of Digital Currency Group Barry Silbert).
The audit of the exchange code will be allegedly conducted by QuantStamp. Tokensoft will act as the technical services provider.
INX intends to launch two platforms – for trading cryptocurrencies and security tokens. The first listing will presumably include the 10 most capitalized cryptocurrencies.
The token of INX itself will be placed on the security platform. Its holders will receive the right to share profits. If a company goes bankrupt, they will also be the first to receive payments.