The INX Digital Company

What The INX Digital Company does

The INX Digital Company, Inc. operates INX.One, a regulated trading platform that combines retail cryptocurrency trading with security token and tokenized real-world asset (RWA) brokerage in a single self-custody interface. The platform supports spot trading in major cryptocurrencies (BTC, ETH, SOL, AVAX, ADA) and stablecoins (USDC, USDT, DAI, PYUSD, USDe) across multiple chains (Ethereum, Avalanche, with Solana via listed assets) on 24/7 blockchain-based markets, alongside primary issuances and secondary trading of tokenized securities via a SEC-registered Alternative Trading System. Underlying infrastructure is delivered through a regulated stack: INX Securities, LLC is an SEC-registered broker-dealer, FINRA/SIPC member, and ATS; INX Digital, Inc. is a FinCEN-registered money transmitter (NMLS #2094630) licensed in 48 US states for crypto and 52 for security tokens; and INX Limited (Gibraltar) and INX Transfer Agent, LLC handle technology and transfer-agent services.

INX monetizes through transactional take rates: 1.5% buyer and seller commissions plus a US$1 network fee on security-token trades, 0.3% maker / 0.4% taker fees on crypto, fiat funding/withdrawal fees, and broker-dealer fees for primary raises via Reg D, Reg S, Reg A+, Reg CF, and S-1/F-1. Customer segments span retail investors seeking compliant long-term digital-asset exposure, securities issuers needing a regulated primary-and-secondary venue, and accredited investors accessing exclusive tokenized offerings. Distribution is anchored by a deep partnership with Republic (now parent company), which refers issuers to INX and lists Republic Note and Animoca Brands tokenized shares on the platform; a referral agreement with Muriel Siebert & Co. extends reach into traditional brokerage channels focused on entertainment, sports, and franchise issuers. As of November 2025, INX operates as a wholly-owned subsidiary of OpenDeal Inc. (d/b/a Republic) following a plan-of-arrangement acquisition valued at up to US$60M, with INX Token holders entitled to contingent value rights.

Name

The INX Digital Company

Legal name

The INX Digital Company, Inc.

Website

https://inx.co

Company type

Public

Founded year

2017

Operating status

Acquired

Headcount range

101–250 employees

Short description

The INX Digital Company operates INX.One, a regulated trading platform for cryptocurrencies and tokenized real-world assets, serving retail investors, accredited investors, and securities issuers via an SEC-registered broker-dealer/ATS and FinCEN-registered money transmitter.

Ownership category

akta.pro rank

Product category

Digital Asset Trading Platform

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industries

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF), Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB)

Keywords

• Regulated digital securities
• Cryptocurrency trading platform
• Tokenized real-world assets
• Security token exchange
• Alternative trading system

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Security Token Brokerage: Commissions charged on security token transactions - buyer and seller each pay 1.5% of notional amount sold plus $1 network service fee per order
2. Crypto Trading Fees: Maker fee of 0.3% and Taker fee of 0.4% of notional amount for cryptocurrency trading
3. Fiat Funding/Withdrawal Fees: ACH withdrawal $5, wire withdrawal $35, credit/debit card deposit 3.75%, converted withdrawals 1.2% with $30 minimum
4. Crypto Withdrawal Fees: Network fees for crypto withdrawals including BTC (0.0005), ETH (0.013), USDC ($5), AVAX (0.01)
5. Primary Raise Services: Broker-dealer services for issuers raising money via Reg D, Reg S, Reg A+, Reg CF, S1/F1 exemptions on best efforts basis

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

INX operates INX.One, a regulated trading platform for buying, selling, and trading cryptocurrencies, stablecoins, and tokenized real-world assets backed by regulated securities. The platform combines SEC-registered broker-dealer/ATS services (INX Securities, LLC) with FinCEN-registered money transmitter capabilities (INX Digital, Inc.) to deliver 24/7 blockchain-based markets with self-custody. INX also offers primary raise services for issuers under Reg D, Reg S, Reg A+, Reg CF, and S1/F1 exemptions.

Product overview

The INX Digital Company operates INX.One, a unified regulated trading platform that combines cryptocurrency trading, tokenized real-world assets, and security token services. The platform enables 24/7 blockchain-based markets for buying, selling, and trading digital assets including major cryptocurrencies (BTC, ETH, SOL, AVAX, ADA), stablecoins (USDC, USDT, DAI), and tokenized securities across sectors like films, sports, real estate, and commodities. The ecosystem includes the INX Token (raised US$84 million in IPO), Republic Note (dividend-eligible security token linked to 750+ ventures), Republic Wallet (multichain custody solution), and regulated subsidiaries INX Securities, LLC (SEC-registered broker-dealer/ATS, FINRA/SIPC member) and INX Digital, Inc. (FinCEN-registered money transmitter). The company operates under Republic following its acquisition in November 2025.

Differentiator

Problem solved

Functional benefit

Brands

• INX One Platform: Security token and digital asset trading platform offering cryptocurrency and tokenized real-world assets trading
• INX.Token

Products and services

• INX.One Platform A unified regulated trading platform enabling individuals to buy, sell, and trade cryptocurrencies (BTC, ETH, SOL, AVAX, ADA), stablecoins (USDC, USDT, DAI, PYUSD, USDe), and tokenized real-world assets backed by regulated securities. Supports fiat, cryptocurrency, and stablecoin funding with 24/7 blockchain-based markets and self-custody.
• Republic Note A dividend-eligible security token linked to Republic's venture portfolio of more than 750 ventures, providing retail and accredited investors access to a diversified private-market exposure via a regulated trading venue.
• Republic Wallet A multichain, cross-platform digital asset wallet with passwordless passkey login and optional seed phrase, designed for holding and transacting real-world assets and connecting to the INX.One trading platform.
• INX Token The company's native token issued via an initial public token offering that raised US$84 million; holders have specific rights including potential distributions from distributable cash flow.
• Security Token Brokerage Services Broker-dealer and Alternative Trading System services delivered by INX Securities, LLC (SEC-registered, FINRA/SIPC member) covering primary capital raises under Reg D, Reg S, Reg A+, Reg CF, and S1/F1 exemptions, plus secondary market trading of OTC security tokens.

Quantifiable outcome

• Q1 2024 revenue of $1.5M with 41% decrease in net loss from previous quarter
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Four partnerships are on record, tiered former, secondary and core.

• ILS Brokers LtdformerOthers · 30 August 2024INX agreed to sell I.L.S. Brokers to accelerate growth in Real-World Assets tokenization and trading platform, enhancing focus on digital asset innovation.
• Muriel Siebert & Co., LLC (Siebert Financial Corp.)secondaryChannel Partner/ Reseller/ Distributor · 7 August 2024Referral agreement enabling Siebert's extensive client network and relationships to access INX's marketplace for primary issuance and secondary trading of Real World Assets. Focus on entertainment, sports, and global sports franchises sectors.
• Republic (OpenDeal Inc.)coreStrategic or Co-development Partner · 22 July 2024Strengthened strategic partnership where INX refers prospective securities issuers to Republic for initial offerings, earning commissions. Securities may then be listed and traded on INX's platform. Notable success: Watford FC tokenized 10% shares through Republic platform introduced by INX.
• ILS Brokers LtdformerOthers · 15 June 2021INX Limited acquired ILS Brokers Ltd, an Israeli interdealer-broker, to expand global reach and enhance OTC trading capabilities, particularly in cryptocurrency derivatives.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Kraken: US-headquartered centralized crypto exchange offering spot trading, staking, and OTC services with a regulated posture. Comparable as a regulated CEX with no-leverage retail trading and self-custody options, though it operates a much broader asset list and higher volume.
• Coinbase Global: Largest US-regulated centralized crypto exchange, listed on NASDAQ, offering spot trading, custody, staking, and an increasingly broad RWA product set. Directly comparable as a US CEX serving retail and institutional clients with a regulated broker-dealer footprint, though far larger and broader in scope.
• Bakkt Holdings: Public, regulated digital-asset platform offering custody, trading, and institutional services under NYDFS and other US regulators. Comparable as a regulated US venue for institutional digital-asset trading, though it has been refocusing its business model.
• Robinhood Markets: US retail brokerage with integrated crypto, securities lending, and an institutional-focused acquisition of Bitstamp. Comparable as a US retail-facing multi-asset platform where INX competes for the same self-directed investor segment, though Robinhood is far broader and gamification-forward.

Direct peers

• Bitstamp: Long-standing regulated centralized crypto exchange (US, EU), now owned by Robinhood. Comparable as a compliance-forward CEX serving retail and institutional clients with multi-jurisdictional licensing.
• Securitize: Tokenization platform for real-world assets and private funds, with a registered transfer-agent and broker-dealer. Directly comparable as a regulated RWA tokenization infrastructure provider competing for the same issuer pipeline INX serves.
• Gemini: US-regulated centralized crypto exchange and custodian (NY Trust), founded by the Winklevoss twins, emphasizing compliance, SOC 2 controls, and institutional custody. Closely comparable to INX in its regulator-first positioning and US focus, though it is consumer-retail-led rather than RWA-issuer-led.
• tZERO: SEC-regulated broker-dealer and ATS focused on security-token secondary trading and digital-asset issuance. Most direct competitor to INX Securities' regulated security-token ATS and primary-raise services for tokenized private securities.

Others

• Republic (OpenDeal Inc.): INX's parent company and largest distribution partner, operating a private-investment and tokenization platform with 750+ portfolio companies and a multi-million-member community. Relevant as the upstream issuer-origination engine for INX's RWA venue.

Regional players

• OSL Group (BC Technology Group): Hong Kong-headquartered, publicly listed regulated digital-asset platform offering brokerage, custody, and SaaS. Comparable as a regulated, institutional-grade CEX with security-token and tokenization capabilities, though operating primarily in Asia rather than the US.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/INX_Group
• YouTubeyoutube.com/channel/UCgk9PJ_3NvCA-dIJ5PXNJeg
• Facebookfacebook.com/INXLtd
• LinkedInlinkedin.com/company/18438547

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The INX Digital Company