The INX Digital Company (NEO: INXD) (INXATS: INX) (OTCQB: INXDF) and sustainability investment firm Greenbriar Capital (OTC: GEBRF) (TSX: GRB) (INXATS: INX) announced the listing of Greenbriar shares as the first regulated tokenized shares of a publicly traded company on Monday.
The collaboration is the first in which traditional stock certificates of Greenbriar Capital can be represented in a digital format and move seamlessly back and forth between traditional exchanges, like the over the counter (OTC) and Toronto Stock Exchange: Venture (TSX Venture), and also a digital alternative trading system like INX.
“By working with an existing transfer agent, INX and Greenbriar are able to offer a fully-regulated, secure and direct pathway for financial markets to unlock another source of possible liquidity through the INX ecosystem,” said Itai Avneri, Deputy CEO and COO of INX.
INX.One is the first digital asset platform to receive regulatory approval to raise capital, issue security tokens and trade both security tokens and digital currencies. The tokenized version of Greenbriar’s shares will incur the same benefits afforded to normal shares, including voting rights and dividends.
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INX Digital platform is the first of its kind
The tokenized shares offer more flexibility in that they can be bought and sold every hour of every day on the INX.One digital asset platform, and therefore aren’t subject to market hours. Also, these shares, like all security tokens on INX.One, are regulated securities which provides full legal protection.
“Greenbriar deeply believes in the full democratization of investing. Rather than limiting the expansive opportunities of Greenbriar to just our existing 3,000 to 4,000 public shareholders, owning on average 8,000 to 9,000 common shares each; through digitization we can dramatically increase access and the number of public token holders – providing ownership opportunities to everyone in the worldwide security token ecosystem,” said Jeff Ciachurski, CEO of Greenbriar Capital.
The INX.One trade platform has been approved by the Financial Industry Regulatory Authority (FINRA) to trade in security tokens, cryptocurrencies and capital raise services in one platform. In 2021, INX raised USD$84 million in gross proceeds from over 7,250 retail and institutional investors during its initial public offering (IPO) selling 92.9 million INX tokens.
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