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Republic has announced its acquisition of INX Digital for $55M, aligning blockchain tech and traditional finance under one umbrella.
What’s the Scoop?
- Acquisition Terms: Republic will acquire all of INX’s outstanding shares for a deal valued at up to $60 million, with $54.8 million as the initial valuation.
- Strategic Integration: INX’s trading platform for cryptocurrencies and tokenized securities will be merged into Republic’s operations, expanding its blockchain investment services.
- Market Reaction: INXDF shares skyrocketed 180% following the announcement, reflecting investor interest in the acquisition.
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