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According to news from PANews on June 19, according to CoinDesk, the New York-based digital asset brokerage and trading company INX (INXDF) has received a US$5.25 million investment from the investment company Republic. Republic may choose to conduct a full acquisition later this year. Republic will acquire approximately 9.5 percent of INX at a pre-money valuation of approximately $50 million, and has committed to acquire 100 percent at a valuation of $120 million as early as the third quarter of this year. The preliminary transaction is expected to close within 60 days, subject to regulatory approvals.


It is reported that the goal of the two companies is to "expand the breadth and depth of tokenization infrastructure and provide digital assets to global investors."
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