Republic, a leading private investment platform, has acquired INX Digital Company in a strategic $60 million deal aimed at strengthening its position in the rapidly growing real-world asset (RWA) tokenization sector. The acquisition gives Republic control of INX’s trading platform and, significantly, key U.S. regulatory licenses—a major step in expanding its tokenized asset infrastructure.
INX Acquisition Details: A 631% Premium for Shareholders
Announced on April 3, the acquisition will see Republic acquire all remaining INX common shares that it doesn’t already own, paying $54.8 million for the outstanding equity. With INX’s market cap at $8.25 million at the time of the announcement, the deal represents a staggering 631% premium for shareholders.
The transaction will be structured with $20 million paid upfront to non-rollover shareholders and $16 million in deferred payments over the next 18 months. Additionally, $18.8 million will be allocated to rollover shareholders, who will convert a portion of their INX equity into shares of Republic.
“Excited to announce that we have entered into an agreement with Republic to be acquired! INX and Republic will join forces to build a comprehensive hub for digital assets,” said INX Executive Managing Director Alan Silbert on X.
Regulatory Licenses Key to Republic’s U.S. Entry
One of the most strategic aspects of the acquisition is Republic’s access to INX’s U.S. regulatory licenses, including:
- Broker-Dealer License
- Transfer Agent License
- Alternative Trading System (ATS) License
- Money Transmitter License
These licenses will allow Republic to legally offer tokenized financial products—such as private equity, bonds, and real estate—in both primary and secondary markets, while complying with U.S. financial regulations.
“Republic and INX are building the infrastructure that bridges traditional finance with blockchain, creating new opportunities for investors at every level,” said Andrew Durgee, Co-CEO of Republic.
Riding the Wave of Tokenized Real-World Assets
The deal comes at a pivotal time in the tokenized asset space. According to InvestaX, the RWA market saw 85% year-over-year growth, reaching $15.2 billion in December 2024. The total value locked (TVL) in RWAs hit a record high of $10.68 billion in March 2025, reflecting surging demand for blockchain-based representations of physical assets.
Tokenized RWAs are praised for enabling fractional ownership, which lowers the entry barrier for retail investors to participate in traditionally exclusive sectors like real estate, fine art, and private equity.
With this acquisition, Republic has positioned itself at the forefront of the next wave of digital finance, gaining both a comprehensive trading infrastructure and the legal foundation to expand in the U.S. tokenization market. As the race toward mainstream adoption of RWAs accelerates, the combination of Republic’s investment ecosystem and INX’s regulated trading capabilities could reshape how investors engage with real-world assets on the blockchain.
