New York-based INX (INXDF), a digital asset broker-dealer, has received a $5.25 million investment from investment firm Republic, with an option for a full buyout later this year. Republic will acquire around a 9.5% stake in INX at an approximate $50 million pre-money valuation, with a "non-binding" commitment to acquire 100% of equity at a valuation of $120 million as early as the third quarter of this year. The goal of the two firms is to "expand the breadth and depth of tokenization infrastructure and access to digital assets for investors worldwide," according to an emailed announcement on Monday.
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