Auckland, New Zealand - October 22, 2019 (Investorideas.com Newswire) Brave New Coin (BNC), a leading provider of high-value cryptocurrency market data, today announced that INX, the crypto trading platform, will utilise BNC's cryptocurrency indices in the first security token sale registered with the US SEC. BNC's Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will serve as reference for applicable conversion rates between US Dollars and named cryptocurrencies, with respect to BTC/USD and ETH/USD exchange rates.
With a mission to bring cryptocurrency and security token offerings to the institutional arena, INX aims to offer a fully-licensed and regulated cryptocurrency, security token and derivatives trading platform. Led by Alan Silbert and an experienced team of business, finance and technology veterans, INX is a clear leader in the regulated security token platform space. INX announced in January 2018 its submission of a confidentially-filed draft registration statement to the US Securities and Exchange Commission (SEC) for an initial public offering of the INX Token.
Commenting on the announcement, Fran Strajnar, CEO and Founder of Brave New Coin said: “To see high-stake industry developments, like INX's highly anticipated security token sale, starting to demand quality and independent 3rd party reference rates is a true sign of market maturation. Having conducted due diligence on all ETF and registered security token sales to date, we have identified that a common concern by regulators is poorly constructed benchmark pricing, resulting in a qualitative risk to investors. The INX team and value proposition is highly impressive and we are pleased to be supporting Alan and his team through this process.”
The trusted provider of indices and market data to the world via NASDAQ, Amazon Alexa, TPICAP, Refinitiv, as well as a number of other leading vendors, Brave New Coin's comprehensive suite of market news, insights and analysis are also now available on Dow Jones' Factiva. An international database that aggregates more than 30,000 premium sources, including licensed publications, influential websites, images and videos, Dow Jones Factiva is the global platform for economic and financial information.
About Brave New Coin
Founded in 2014, Brave New Coin (BNC) is a leading data and research company focused on the Blockchain and Cryptographic Assets industry. Offering a stable of tools and resources including sector news, data, technical analysis and research, BNC's mission is to deliver the most accurate, accessible, and comprehensive blockchain data solutions, in ways that anticipate and respond to the needs of an evolving market. For more information, visit bravenewcoin.com.
Media Contact:
Sarah McCarthy
sarah@wachsman.com
+6596512718
Nadia Yeo
Executive
Wachsman
Asia Square Tower 2
12 Marina View
Singapore 018961
P: +65 8733 0179
E: nadia.yeo@wachsman.com
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
