Republic Acquires INX for $60 Million to Expand Tokenization Platform

The race to dominate the growing asset tokenization market is intensifying. Republic, a prominent private investment firm, has announced its acquisition of INX Digital Company for $60 million. This move is set to enhance Republic’s capabilities in offering tokenized assets, including private equity, real estate, and bonds.

Details of the Acquisition

As part of the agreement, Republic will acquire all INX common shares it does not currently own for $54.8 million. At the time of the announcement, INX had a market capitalization of $8.25 million, meaning shareholders received a remarkable 631% premium on the stock value.

The $60 million deal is structured in two parts:

  • $20 million will be paid upfront to non-rollover shareholders.
  • $16 million will be deferred over 18 months.
  • $18.8 million will be allocated to rollover shareholders, who will convert part of their shares into equity in Republic.

This acquisition also transfers INX’s regulatory licenses to Republic, which include U.S. broker-dealer, transfer agent, alternative trading system, and money transmitter licenses. These licenses are crucial for Republic’s expansion within the U.S. market.

Republic’s Vision for Asset Tokenization

Republic’s acquisition of INX underscores its ambition to lead in the tokenization of real-world assets (RWAs). The process of tokenizing real assets allows them to be represented as tradable tokens on a blockchain, making historically exclusive markets more accessible to retail investors.

“Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level.” – Andrew Durgee, Co-CEO of Republic

The Growing Market for Tokenized Assets

The tokenized real-world asset market has witnessed exponential growth. As of December 2024, this market had grown by 85% year-over-year, reaching a valuation of $15.2 billion. Furthermore, the total value locked (TVL) in tokenized RWAs on-chain hit a record $10.68 billion in March 2025.

Tokenization is gaining traction for its ability to democratize access to traditionally exclusive sectors such as real estate, fine art, and private equity. These markets often demand significant capital or are restricted to accredited investors. By enabling fractional ownership, RWA tokens allow retail investors to participate in these lucrative sectors, fundamentally reshaping the investment landscape.

What This Means for Investors

The integration of INX’s trading platform with Republic’s ecosystem creates a comprehensive hub for digital assets. This includes primary and secondary markets, crowdfunding, and private equity opportunities tailored for both retail and institutional investors.

For investors, the benefits include:

  • Access to tokenized private equity, bonds, and real estate.
  • Opportunities to invest in fractionalized assets with lower capital requirements.
  • A more transparent and efficient trading experience facilitated by blockchain technology.

The acquisition signifies a step forward in bridging traditional finance with blockchain innovation, opening new doors for investors of all levels.

The Future of Tokenization

As the market for real-world asset tokenization continues to grow, more firms are expected to follow Republic’s lead in adopting blockchain solutions. By leveraging tokenization, companies can democratize investment opportunities, improve liquidity, and enhance transparency in the financial ecosystem.

Republic’s acquisition of INX not only strengthens its position in the tokenization space but also highlights the increasing importance of blockchain technology in modern finance.

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