Leading global enterprise custodial services provider, Hex Trust has announced that it has been selected to offer custodian services for INX Token ahead of its $117 million security token IPO. In the official tweet, Hex Trust mentioned that INX would also be launching its digital exchange for security tokens and crypto trading.
INX is a Gibraltar based regulated digital assets trading network, which focuses on enabling investment opportunities for retail and institutional investors in the form of crypto and security tokens. Speaking about the development, INX Business Development head and Chief Marketing Officer, Douglas Borthwick said that they were impressed with the consistent growth of Hex Trust in the region and their compliance with regulatory standards.
Based out of Hong Kong, Hex Trust is one of the leading custodial service providers in Asia and has shown remarkable progress over the last 12–18 months. Earlier this year, Hex Trust struck business partnerships to offer its services to the likes of industry movers like Tezos Blockchain Network, and Celo Alliance. It also recently received strategic investments from Kenetic Capital.
On being selected by INX Token for their custodial services, Calvin Shen, Sales and Business Development chief at Hex Trust, said that Hex Trust and INX share a common vision that the best way to infuse trust and transparency in the crypto trade is to work in compliance with regulators. He further added,
The INX exchange will be launched in the US and will be the first SEC-registered IPO ever by a blockchain company. The exchange will be offering 130 million INX tokens for sale, making it the largest registered security token sale by a blockchain company.