Investment firm Republic to Acquire Crypto Exchange Operator INX Digital at Up to $60 Million Valuation

BlockBeats News, April 4th. According to CoinDesk, investment firm Republic is set to acquire cryptocurrency exchange operator INX Digital (INXDF) at a valuation of up to $60 million.

Republic's subsidiary, Republic Strategic Acquisition, will acquire all of INX's outstanding shares. The transaction is expected to be completed within eight months, subject to specific conditions.

Republic is already a shareholder of INX, having acquired 9.5% of the company in 2023. Upon completion of the transaction, Republic will be fully integrated into INX's operations.