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INX Digital Company Inc ( (TSE:INXD) ) has provided an update.
INX Digital Company reported its financial results for Q4 and the full year 2024, highlighting a conservative capital structure with no long-term debt and a reserve fund of $34.3 million to protect customer funds. The company achieved a net income of $18.6 million, largely due to a non-cash accounting gain, and improved its operational loss by 41% compared to 2023. Throughout 2024, INX expanded its platform’s offerings and regulatory reach, listing new digital assets like PayPal’s stablecoin and tokenized stocks, and gaining approval to operate in 49 states for cryptocurrencies and 52 for security tokens. These developments underscore INX’s commitment to enhancing liquidity and broadening access to digital securities under regulatory oversight.
More about INX Digital Company Inc
The INX Digital Company, Inc. operates in the digital asset industry, offering a regulated platform for security tokens and cryptocurrencies. It functions as a U.S. broker-dealer, alternative trading system, and transfer agent through its subsidiaries. The company focuses on building a scalable, regulated infrastructure for digital assets, emphasizing the tokenization of Real-World Assets (RWAs) to bridge traditional and digital finance.
YTD Price Performance: -6.25%
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$46.67K
See more insights into INXD stock on TipRanks’ Stock Analysis page.