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Avalanche Blockchain brings high throughput and instant finality to Issuers of security tokens who want to use the INKS.One platform
NEW YORK and TORONTO, December 7, 2022 /PRNewswire/ — INKS Digital Company, Inc. (NEO: INKSD) (INKSATS: INKS) (OTCKB: INKSDF) (“INKS”), a broker-dealer and inter-dealer broker, today announced plans to fully integrate the Avalanche Blockchain with INKS. One is the world’s first and only fully regulated, end-to-end platform for listing and trading SEC-registered security tokens and cryptocurrencies. The integration of Avalanche, which is scheduled to be completed this quarter, is another milestone in the shared vision to lead the world in bringing and accessing real world assets on the chain.
“As INKS continues to grow its global community of issuers and investors, expanding access to multiple best-in-class blockchains is essential,” said Shai Datika, founder and CEO of INKS. “Avalanche is well positioned among the leading blockchain providers, enabling even greater choice for our diverse lineup of security token issuers using the INKS.One platform.”
The INKS.One platform is a true Token-as-a-Service (TaaS) platform designed to raise capital. A comprehensive hub simplifies the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital. INKS.One is a multi-blockchain ecosystem that provides greater choice and an exceptional user experience – all on a regulated and fully licensed platform.
“The upcoming launch of INKS.One on Avalanche marks another step forward Ava Labs’ mission to digitize the world’s assets,” he said Morgan Krupetski, director of business development for institutions at Ava Labs. “The tokenization platform will unlock even greater opportunities for issuers raising capital and broader access to investment opportunities and liquidity for investors.”
The avalanche was triggered in September 2020, ushering in a new era for blockchains with near-instant transaction finality. Today, Avalanche supports 500+ dApps and provides billions of dollars in value, all with minimal impact on the climate. Avalanche also supports subnets – application-specific custom blocks that allow a network to scale infinitely. Ava Labs, the primary software developer for Avalanche, shares the goal with INKS to digitize real-world assets.
INKS’ mission is to increase access for US and international investors to the growing opportunities in the digital economy. Its recently launched INKS.One platform sets the global standard for effectively democratizing financial markets while providing the necessary regulatory hedges through close collaboration with US and global regulators.
In 2021, INKS became the first digital security IPO registered with the SEC – closing with 83.6 dollars million in gross revenue from over 7,300 retail and institutional investors. 92.9 million INKS tokens were sold in the IPO. INKS continues to lead the industry in providing new financial instruments for trading and raising capital to businesses and companies around the world.
For more information about INKS, visit https://vvv.ink.co/
About Avalanche:
Avalanche is the fastest smart contract platform in the blockchain industry, measured by time to finality, and has the most validators ensuring its activity of any proof-of-stake protocol. Avalanche is incredibly fast, cheap and green. Any smart contract-enabled app can outperform its competition by deploying on Avalanche. You don’t believe it? Try Avalanche today.
About INKS:
INKS provides a regulated platform for trading digital securities and cryptocurrencies. By combining traditional market expertise and a disruptive fintech approach, INKS provides state-of-the-art solutions for modern financial problems. INKS is led by an experienced and dedicated team of business, finance and technology veterans with a shared vision of redefining the world of capital markets through blockchain technology and an innovative regulatory approach.
About INKS Digital, Inc. INKS is the holding company for INKS Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional market expertise and an innovative fintech approach. INKS Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. INKS Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey began with our initial public offering of INKS tokens where we raised $83 million. INKS Group is shaping the blockchain asset industry through its willingness to operate in a regulated environment with oversight from regulators such as the SEC and FINRA.
In addition to operating two regulated blockchain asset trading platforms, INKS’ interdealer broker, ILS Brokers, plans to offer a non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, visit the INKS Group website here.
Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this release. Any forward-looking statement, expectation , beliefs, plans, projections, goals, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “expects”, “anticipates” or “does not anticipate”, “plans”, “budget”, “planned”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could “, “would”, “could” or “will” be deemed to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INKS has made certain assumptions, including with respect to, th Continued development of the INKS trading platform, the offering of undeliverables cryptocurrency forward, and the development of the digital assets industry. Although INKS believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those expressed or implied in such forward-looking information. Such factors include, but are not limited to, regulatory developments, the state of the digital securities and cryptocurrency markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INKS disclaims any intention and undertakes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors which affect such future- seeking information or otherwise.
NEO Exchange is not responsible for the adequacy or accuracy of this press release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States. The securities have not been and will not be registered under the US Securities Act or any state securities laws and may not be offered or sold within United States or to US persons unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information please contact:
Company INKS Digital, Inc.
investor relations
+1 855 657 2314
E-mail: [email protected]
For more information contact:
Liz Whelan
[email protected]
312) 315-0160
SOURCE The INKS Digital Company, Inc.
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