Follow us on or join ours

Offices McDermott Will & Emery, represented by INX Limited, conducted the first Security Token Offeringfully compliant with the Securities Act. The offering was recently closed, and its success can be seen as an important step towards the spread of assets based on blockchain.

First public STO, fully regulatory compliant

McDermott Will & Emery is an international law firm that has partnered with INX Limited in order to conduct a public offering of 130 million tokens INX.

Their unit price was $ 0,90. In August this year, the offer was approved by the Securities and Exchange Commission (SEC).

In mid-September, when purchase commitments exceeded the estimated minimum, the offer was pre-closed, becoming the first-ever public offering based on blockchain technology under the Securities Act.

Digital assets are getting closer to full legalization

The offer carried out by McDermott Will & Emery is of great importance for the entire blockchain industry. The approval issued by the SEC can be seen as an important step towards the fully legalized spread of digital assets in various areas of financial activity.

As one of the McDermott representatives stated, until recently, SEC-registered tokens were only a loose idea, while now they have become a real precedent for blockchain-based public resource offers. At the same time, the STO conducted contributed to raising many new legal issues related to token registration.

McDermott Will & Emery's knowledge and experience turned out to be of great help in the talks with the SEC. INX, based on the experience gained, plans to launch its own platform for trading cryptocurrencies and security tokens.

About McDermott Will & Emery

McDermott Will & Emery currently works with companies from all over the world, and the main mission of the law firm is to overcome seemingly impossible to cross barriers and shape markets. The team, which includes over 1200 lawyers, undertakes tasks from various industries and fields, providing effective and non-standard solutions.

5 / 5 - (8 votes)

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters