Investment company Republic acquires approximately 9.5% of cryptocurrency broker INX for $5.25 million

According to ChainCatcher news, investment firm Republic will acquire approximately 9.5% of [INX](https://www.rootdata.com/zh/Projects/detail/INX Digital?k=Mzg3Ng==) at a pre-investment valuation of about $50 million, and has committed to acquiring 100% of the equity at a valuation of $120 million as early as the third quarter of this year. The preliminary deal is expected to be completed within 60 days, pending regulatory approval. (Source link)