According to a report by CoinDesk from Foresight News, investment firm Republic will acquire crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million. Republic's subsidiary, Republic Strategic Acquisition, will purchase all of INX's issued shares. The transaction is expected to be completed within eight months, depending on the closing conditions.
Republic is already an existing shareholder of INX, having acquired 9.5% of INX's shares in 2023. After the transaction is completed, Republic will fully integrate into INX's operations.
