Toronto, Canada, August 7, 2024, Chainwire
In a groundbreaking move that bridges the gap between traditional finance and digital innovation, The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (“INX”), through its broker-dealer subsidiary, INX Securities, LLC, Member: FINRA & SIPC, a leader in regulated real-world asset trading, has announced a strategic partnership with Muriel Siebert & Co., LLC, Member: FINRA & SIPC, (“Siebert”), a prominent name in traditional financial services, and a wholly owned subsidiary of Siebert Financial Corp. (NASDAQ: SIEB). This collaboration marks a significant milestone in expanding on-chain real-world asset (RWA) investment opportunities to Siebert’s long-established relationships. This partnership will enable Siebert’s extensive network of clients and/or potential issuers to connect with INX’s cutting-edge marketplace for primary issuance and secondary trading of real-world assets (RWA). Siebert’s introductions to INX will enable those relationships to leverage INX’s innovative RWA tokenization capabilities and offer a new realm of investment possibilities, including high-profile sectors such as entertainment, sports, and global sports franchising.
The Siebert-INX partnership is set to help redefine the investment landscape by merging traditional financial services relationships with modern digital asset opportunities. This landmark relationship will facilitate a bridge between conventional financial services and the dynamic world of blockchain technology, offering an introduction to secure and regulated avenues to capitalize on digital securities and tokenized asset opportunities.
Shy Datika, CEO of INX, said: “Our partnership with Siebert represents a significant step towards merging the traditional and digital financial worlds. By opening up access to Siebert’s extensive client base and relationships, INX is broadening the scope of investment opportunities and providing access to previously untapped sectors. This collaboration underscores our commitment to financial inclusion and innovation, paving the way for a new era in RWA tokenization.”
John J. Gebbia, CEO of Siebert Financial Corp. (NASDAQ: SIEB), added: “Signing this landmark agreement with INX perfectly aligns with Siebert’s vision of advancing financial innovation while maintaining the highest standards of compliance and security. This partnership allows Siebert to present our clients and relationships in the financial sector with a regulated and trusted platform to invest in RWA tokenized assets, enhancing their investment experience and expanding their opportunities within the digital economy.”
This collaboration not only expands Siebert’s reach into the emerging field of blockchain technology, but also reinforces INX’s position as a pioneer in digital asset trading, setting new standards for the integration of traditional and digital investment avenues.
About INX:
INX offers regulated trading platforms for digital securities and cryptocurrencies. Combining traditional markets expertise with a disruptive fintech approach, INX delivers cutting-edge solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance and technology veterans with a shared vision to redefine the world of capital markets through blockchain technology and a disciplined regulatory approach.
About The INX Digital Company, Inc.: INX is the holding company of the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The overall mission of the INX Group is to bring communities together and empower them with financial innovation. Our journey began with our initial public token offering of the INX token where we raised $84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulatory bodies such as the SEC and FINRA. For more information, please visit the INX Group website here.
About Siebert Financial Corp.: Siebert is a diversified financial services firm and has been a member of the New York Stock Exchange since 1967, when Muriel Siebert became the first woman to hold a seat on the New York Stock Exchange and the first to lead one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. For more than 55 years, Siebert has been a firm that values its customers, shareholders, and employees. More information can be found at www.siebert.com.
ContactAlan Silbert[email protected]
This article was originally published on Chainwire
