Republic buys INX at 631% premium, gains U.S. trading licenses
In a bid to offer a comprehensive tokenization platform, Republic has acquired trading platform INX for $60 million.
The race toward asset tokenization is heating up. On April 3, private investment firm Republic announced the acquisition of INX Digital Company at a valuation of $60 million. The acquisition of INX and its trading platform will enable Republic to expand its tokenized asset offering.
The deal stipulates that Republic will acquire all INX common shares it does not currently own for $54.8 million. At the time of the announcement, INX’s market cap was $8.25 million , meaning that shareholders got a 631% premium on the stock value.
Of that total, $18.8 million will go to rollover shareholders, who will convert a portion of their shares into equity in Republic. Non-rollover shareholders will receive $20 million upfront and $16 million deferred over 18 months.
Republic enters U.S. market in asset tokenization
For Republic, the acquisition is a significant step in offering tokenized assets such as private equity shares, bonds, and real estate. A key element of the deal is that INX’s regulatory licenses transfer with the acquisition, including U.S. broker-dealer, transfer agent, alternative trading system, and money transmitter licenses.
“Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level.”
Andrew Durgee, CO -CEO of Republic
Real-world asset tokenization refers to the practice of converting real assets into tradable tokens on the blockchain. According to InvestaX, the tokenized real world assets market has grown by 85% year-over-year, reaching $15.2 billion in December of 2024. Moreover, RWA’s total value locked on-chain hit a new high of $10.68 billion in March.
RWAs have gained popularity for their ability to democratize access to historically exclusive markets. Sectors like real estate and fine art typically require significant capital, while private equity investments are often restricted to accredited investors.
By enabling fractional ownership, RWA tokens open these markets to retail investors, potentially transforming the investment landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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