INX is Enabling Institutional Investors to Fully and Confidently Participate in the Security Token Market and the Greater Digital Economy
The INX Digital Company, Inc., a broker-dealer and inter-dealer broker, announced that it has launched a pilot enterprise-level wallet management solution for regulated security tokens through a collaboration with its long-standing partner, BitGo. Combining the very best of Web3 with the regulatory guardrails of INX’s SEC-registered platform, INX.One, institutional investors like Family Offices and Venture Capital Funds now have the highest standards of wallet management through BitGo’s tried and tested policy management solution allowing setting of policies with spenders, viewers, approvers and administrators.
“Continuing our role as a pioneer in the security tokens space by introducing new and fully-regulated solutions for all investors, we are thrilled to announce another ‘first’ with the introduction of our wallet solution for institutional investors,” said Itai Avneri, deputy CEO and COO of INX. “By collaborating with Web3 powerhouse BitGo, significant barriers of entry that have previously plagued this aspect of the security tokens market have now been removed. As a result, INX and its partners are enabling institutional investors to take full advantage of the opportunities that exist in the tokenization ecosystem.”
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INX is welcoming institutional investors to trial the solution and experience the following new and indispensable benefits:
- Assets can now be managed using a customizable wallet management policy with different role types like viewers, spenders, approvers and administrators.
- Wallets are secured with BitGo wallet infrastructure – reducing the risk of a single point of failure associated with many retail browser-based wallets.
- Institutional investors can segregate their individual clients’ assets by setting up multiple wallets with bespoke access and management policies, allowing even their clients to become an approver in the wallet management policy.
- Investors will have full access to the INX.One platform – the only fully-regulated platform for listing and trading both SEC-registered security tokens and cryptocurrencies, which offers a seamless and secure single point of entrance for institutional investors to maximize opportunities to engage with digital financial instruments.
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“At BitGo, we believe in the transformative potential of blockchain technology for real-world assets. We are thrilled to partner with INX to provide their clients with an enterprise-grade wallet platform for security tokens. Our wallets can connect to and interact seamlessly with INX.One without compromising on security or reliability. This will unlock new possibilities for investors and serve as a gateway for institutional adoption of Web3,” said Lisa Jowett, Head of Platform Sales at BitGo.
INX’s mission is to increase access for U.S. and international investors to the growing opportunities in the digital economy. The INX.One platform sets a global standard for effectively achieving democratization in financial markets, while simultaneously providing the necessary regulatory guardrails through close collaboration with U.S. and global regulators.
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