Republic to Acquire INX for Up to $60 Million
- Republic plans to purchase INX, a tokenized securities trading platform, for up to $60 million.
- The deal involves acquiring all outstanding public shares of INX for approximately $54.8 million.
- The acquisition allows Republic to expand into digital assets and decentralized finance services.
- INX’s expertise in security token and cryptocurrency trading will be combined with Republic’s global reach.
- Republic is paying a 457% premium on the latest closing price of INX shares.
Republic, backed by Morgan Stanley, intends to buy the remaining shares of INX at a significant premium, enhancing its presence in the digital asset sector through this strategic acquisition.
Source (2.6)https://dailyhodl.com/2025/04/04/financial-firm-republic-plans-to-acquire-crypto-and-tokenized-securities-trading-platform-inx-for-60000000/?rand=59076
