As the corporate tokenized securities sector continues to expand, so does the competition. This month, the start-up INX Limited token exchange announced plans to host an initial public offering (IPO) in the coming weeks. For now, the firm is awaiting SEC approval of its strategy.

INX Limited seeks to secure $129.5 million in funding for further development on multiple platforms. Importantly, INX's crowdfunding campaign would be one of the first SEC-registered sales of IPO security tokens. Unlike most STOs, INX plans to open its event to the public.

According to INX's SEC filing, the company is based in Gibraltar. The firm submitted an F-1 draft that explained the company's intentions. INX plans to use the funds to develop two commercial platforms. The first platform will focus directly on security tokens, while the second platform will host all other types of cryptography.

More info:

https://www.businesswire.com/news/home/20200820005833/en/INX-Limited-Announces-Launch-Security-Token-IPO?fbclid=IwAR2_UgTfd8SRtHRaXH_Kg0voyM1iqpx5NHJs7DY3BElVAjR25UptsmtJWtE

https://www.sec.gov/Archives/edgar/data/1725882/000121390019016285/ff12019_inxlimited.htm

Token INX Hybrid

The INX token will work as a hybrid token because it will also allow investors to pay transaction fees. Think of a security token that can also work in a similar way to Binance tokens. INX token holders receive a lot of benefits.

Primarily, INX token holders receive profit sharing rights. In addition, the tokens are comparable to preferred shares in that INX token holders will have first sale rights. Interestingly, these tokens are ERC-20 tokens that live in the Ethereum block chain. This was a wise decision as ERC-20 tokens have the highest level of interoperability in the market. This interoperability allows for more storage and trading options.