Pushing digital assets into the mainstream has just made a huge leap.
The Republic, a New York-based private investment company, has announced it will acquire INX, a US regulated trading platform for digital securities and crypto. The $60 million transaction has been approved by the INX Commission and provides Republic control over the company’s issuance and unpaid common stock.
This agreement is more than just a typical acquisition. This reflects the growing desire to fill traditional funds in blockchain-backed markets and do so under a regulatory framework that can be trusted by both institutional and retail investors.
Here’s how you can break down the contract: The Republic will pay $54.8 million for the remaining shares of INX, with $18.8 million allocated to rollover shareholders and $36 million allocated to non-rover shareholders. Starting from that $36 million, $20 million will be paid in cash at the time of closing, with the remaining $16 million going on in 18 months. The final valuation can be adjusted according to the number of shareholders.
The move is in line with the Republic’s broader goal of creating a single platform where users can access to tokenized investments, such as security tokens, cryptocurrencies, and real-world assets (RWAS).
“This acquisition is more than just an expansion, it’s about restructuring access to the private market,” said Andrew Durgee, co-CEO of the Republic. “The Republic and INX are building infrastructure to fill traditional funds with blockchain, creating new opportunities for investors at all levels. We are proud to bring together our expertise to make tokenized investments more accessible, compliant and scalable.”
INX founder and CEO Shy Datika called the acquisition a “decisive moment” in digital finance. “Combining our strength with the Republic will accelerate our vision for a fully regulated, tokenized economy that empowers investors worldwide,” he said. “Together we are setting new standards for how real-world assets and digital securities are issued, traded and managed.”
The Republic inherits more than INX’s technology stack. It also accesses INX’s regulatory structure. This includes US regulated broker-dealers, alternative trading systems (ATS), transfer agents, and money transmitter licenses (MTLs). This means that the Republic doesn’t need to build this infrastructure from scratch. You can plug it in straight.
The two companies are already collaborating. INX helped launch the Hamilton Lane Private Infrastructure Fund and hosted Republic Memories on the INX.ONE platform.
The future goal is to create a full-service platform that allows businesses to tokenize assets, raise capital and enable secondary market transactions within a regulated environment. It will make it easier for investors to access a wider range of assets, including RWAs, stocks, security tokens, stubcoins, crypto, bonds, ETFs, private credit and real estate.
Once the dust settles, the merged entity will serve more than 3.2 million investors worldwide.
The Republic has already built a strong presence in retail-centric investments, with support from big names such as Valor Equity Partners, Galaxy Interactive, HOF Capital and Angelist. The company’s portfolio includes more than 2,000 startups, with over $3 billion invested in platforms in over 150 countries.
INX, in some of its products, blends traditional finance with FinTech to provide a regulated digital asset market. The team includes business, tech and financial veterans who are focused on building compliant infrastructure for a new kind of capital market.
In summary, this transaction is not merely about size, it is about legitimacy. The crypto industry is struggling with regulatory pushbacks and fragmented platforms. Republic and INX bet that not hype, but compliance and structure will drive the next chapter of digital investment.
Founded in 2016 as an angel spinoff by veterans Kendrick Nuguen and Paul Menchev, the Republic is an investment platform that provides access to the world in line with curated startups and blockchain projects. The Republic operates under US equity crowdfunding regulations and is under the supervision of the US Securities and Exchange Commission and the US Financial Industry Regulatory Authority.
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