Collaboration Marks Key Development in the Tokenization of Traditional Assets by Leveraging Regulated DeFi ATS like INX.One
The INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent announced that Casper Labs, the enterprise blockchain software leader, has chosen INX as its preferred platform to tokenize and list its equity for trading on the secondary market.
By selecting to list on the regulated ATS of INX over traditional exchanges, Casper Labs demonstrates its commitment to embracing regulations, the future of finance and the power of digital assets. The collaboration will open up Casper Labs shares to a potential global liquidity pool of retail and institutional investors in over 60 countries through the INX.One – the only fully-regulated platform for listing and trading both SEC-registered security tokens and cryptocurrencies.
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“From the moment we started speaking with Casper Labs, it was clear that tokenizing its equity and giving shareholders access to global liquidity through the INX Securities ATS exchange would be a watershed moment for the blockchain industry,” said Bob Ejodame, the VP Capital Markets at INX. “INX is proud to list a layer-1 blockchain and enterprise technology provider that is extremely well positioned to capitalize on huge market opportunities including blockchain and AI.”
The listing of Casper Labs equity on INX.One is scheduled for September 2023, allowing prospective buyers ample time to sign up on the INX platform and participate in this groundbreaking opportunity. The tokenization and listing of Casper Labs equity represents a pivotal moment in the industry, solidifying tokenization as the leading use case driving the global adoption of digital assets by retail and financial institutions.
“Casper Labs was founded in 2018 to build an enterprise-grade blockchain for businesses and governments, whom we believe will ultimately be the highest-volume users of the technology,” said Mrinal Manohar, CEO and co-founder at Casper Labs. “It’s clear that the market has reached a tipping point:organizations are utilizing blockchain technology at historically high rates. We are well positioned to serve this surging demand for a truly enterprise-grade solution; our listing with INX is a major milestone that will open the door to individuals and organizations seeking greater exposure to this industry at an exciting juncture.”
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The Casper Labs team built the Casper protocol, the first blockchain built specifically for business users. A recent report from Casper Labs, which polled over 600 c-level executives across the U.S., U.K. and China markets found that 87% of businesses plan to invest in blockchain initiatives in 2023.
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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