Blockchain trading platform INX completes $125M SEC-approved token IPO

INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering.

According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average of investors who participated in the token IPO was 42.