Investment Firm Republic to Acquire Crypto Trading Platform Operator INX Digital at Highest $60 million Valuation
2025-04-03 16:50:29
Investment firm Republic will acquire crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million.
Republic Strategic Acquisition, a subsidiary of Republic, will acquire all outstanding shares of INX. The transaction is expected to close within eight months, subject to closing conditions.
Republic is already an existing shareholder in INX, acquiring a 9.5% stake in INX in 2023. Upon completion of the transaction, Republic will be fully integrated into INX's operations.
Republic Strategic Acquisition, a subsidiary of Republic, will acquire all outstanding shares of INX. The transaction is expected to close within eight months, subject to closing conditions.
Republic is already an existing shareholder in INX, acquiring a 9.5% stake in INX in 2023. Upon completion of the transaction, Republic will be fully integrated into INX's operations.
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