Republic, the New York-based investment platform known for offering retail investors access to a variety of asset classes, has acquired Canadian crypto trading firm INX Digital Company in a $60 million deal. The deal significantly boosts Republic’s position in the growing market for tokenized assets.
Bridging Traditional Finance and Blockchain
Republic is integrating INX’s established, U.S.-regulated trading infrastructure into its own operations, creating a comprehensive hub for digital asset trading.
Sponsored
This move will allow investors to trade a broad range of assets, including security tokens, RWAs, shares, stablecoins, cryptocurrencies, bonds, ETFs, private credit and real estate.
As part of the acquisition, Republic will buy all of INX’s shares, excluding those already owned by an investment firm. In 2023, Republic invested $5.25 million in INX, securing around 9.5% of the company’s outstanding shares. The transaction is expected to close within eight months.
Together, Republic and INX will serve a global investor base of more than 3.2 million, opening up new opportunities for both retail and institutional investors. Republic, supported by top investors like Valor Equity Partners, Galaxy Interactive, HOF Capital, and AngelList, has a global portfolio of more than 2,000 companies and nearly 3 million members across the planet.
Andrew Durgee, Co-CEO of Republic, emphasized that the acquisition is about reshaping access to financial markets. “Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level.”
The partnership also brings added value with INX’s U.S.-regulated broker-dealer, Alternative Trading System (ATS), transfer agent, and Money Transmitter Licenses (MTLs), which will be integrated into Republic’s operations.
A Proven Track Record
The merger has already proven its strength with recent initiatives, such as the launch of Hamilton Lane’s Private Infrastructure Fund and the Republic Note listing on INX.One, have demonstrated the potential for growth.
The Hamilton Lane Private Infrastructure Fund (HLPIF) is a closed-end investment vehicle that offers investors access to infrastructure assets, including renewable energy plants, data centers, and waste management systems. This, coupled with the Republic Note listing, underscores the strength of the partnership in bridging traditional and blockchain-based finance.
Why This Matters
This acquisition expands access to digital assets for both institutional and retail investors, bridging traditional finance with blockchain. Republic and INX are creating a more accessible, regulated market for tokenized assets.
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