Republic to Acquire Crypto Trader INX Digital (INXDF) in Full for $60 Million

Investment firm Republic plans to acquire cryptocurrency trader INX Digital for up to $60 million

The transaction is expected to close within eight months, subject to closing conditions.

Author: Jamie Crowley | Edited by: Stephen Alpher Updated: April 3, 2025, 18:46 UTC Published: April 3, 2025, 16:41 UTC

Key points:

• Republic plans to acquire cryptocurrency trading company INX Digital for up to $60 million.
• Republic, already a shareholder in INX following its 9.5% stake acquisition in 2023, intends to be fully integrated into INX's operations following the completion of the transaction.
• Republic noted that the acquisition will strengthen its position as an investor in blockchain.

Investment firm Republic is set to buy cryptocurrency trader INX Digital (INXDF) at a valuation of up to $60 million.

Republic subsidiary Republic Strategic Acquisition will acquire all issued and outstanding shares of INX, according to information released Thursday.

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The transaction is expected to close within eight months, subject to closing conditions.

Republic, which already has a stake in INX following its 9.5% stake acquisition in 2023, will be fully integrated into INX's operations following the closing of the transaction.

New York-based Republic said the acquisition would strengthen its position as a blockchain investor, opening up opportunities for token trading and participation in the secondary market for cryptocurrency and real-world assets (RWAs).

INXDF shares opened trading at $0.02, rose to $0.16 after the announcement on Thursday, and then fell to $0.09 within a few hours.

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