PANews reported on April 4 that investment company Republic announced plans to acquire crypto trading platform INX Digital (INXDF) at a valuation of up to $60 million. The acquisition is expected to be completed within the next eight months, subject to meeting relevant conditions.

Republic said the acquisition will strengthen its position as a blockchain investor and create a path for token trading and secondary market opportunities for crypto assets and real-world assets (RWAs).

It is reported that Republic had previously acquired a 9.5% stake in INX in 2023, and will fully integrate INX's operations after the transaction is completed.