Republic plans to acquire the cryptocurrency trading platform INX Digital for up to 60 million dollars

Investment firm Republic announced plans to acquire cryptocurrency trading platform INX Digital (INXDF) at a valuation of up to $60 million. The acquisition is expected to be completed within the next eight months, subject to relevant conditions.

Republic stated that this acquisition will strengthen its position as a blockchain investor and create pathways for token trading and secondary market opportunities for crypto assets and real-world assets (RWAs).

It is reported that Republic had previously acquired 9.5% of INX's shares in 2023, and will fully integrate INX's operations after the transaction is completed.