Alan Silbert, the brother of the head of Digital Currency Group is Barry Silbert, said that Gibraltar Limited company INX, where he holds the position of Executive Director in January, has applied to the Commission on securities and exchange Commission (SEC) for an adjustable ICO (the so-called RCO).
Introducing INX! We are building a regulated crypto & derivatives broker-dealer and ATS for institutions and retail investors that will include cryptocurrencies, derivatives, and regulated security tokens —> https://t.co/B4Yi1nU7Fl
— Alan Silbert ⚡ (@alansilbert) 14 Jun 2018
The main purpose of licensee is to raise funds to create a platform for trading crypto-currencies and derivatives at digital assets — INX Exchange, clients will be able to become accredited and retail investors.
Part of the attracted investments will be the basis for the reserve Fund, which will insist regulators.
The listing sites will be able to get cryptocurrencies and security-tokens issued in the course of the RCO.
We will remind, earlier financial Corporation Intercontinental Exchange announced its intention to create a cryptocurrency exchange.