Republic, an investment company, is set to buy the crypto trading company INX Digital for up to $60 million.
Republic’s subsidiary, Republic Strategic Acquisition, will handle the purchase, according to the press release on April 3, 2025
Republic already owns 9.5% of INX, and after this deal is complete, Republic will fully take over the company. The deal is expected to close in about eight months, but this depends on certain conditions being met.
The deal includes buying all the shares of INX that Republic doesn’t already own. The total value could reach $54.8 million, with $36 million paid in cash at the time of the deal’s completion.
The remaining $18.8 million will be paid to some INX shareholders in a different way, with $16 million paid later, 18 months after the deal closes. This part of the deal is linked to a special agreement that depends on certain conditions.
Republic plans to use INX’s platform to expand its ability to trade security tokens and digital assets. This will also give Republic good opportunities to participate in secondary market trading, which is basically the selling and buying of assets that have been issued before
According to Shy Datika, the CEO of INX, “Joining forces with Republic accelerates our vision of a fully regulated, tokenized economy that empowers investors globally”
By joining Republic, INX hopes to build a foundation for the future of digital finance, where tokenized assets and other digital products are safer and easier to trade.
Andrew Durgee, Co-CEO of Republic, also shared his excitement about the deal. He said that the merger would help change how financial markets work, making them more accessible and compliant. “We’re proud to bring our expertise together to make tokenized investing more accessible, compliant, and scalable,” he said.
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