Investment firm Republic is set to acquire crypto trading firm INX Digital at a valuation of up to $60 million. Republic, which already holds a 9.5% stake in INX since 2023, plans to fully integrate its operations following the acquisition's completion. This move is anticipated to strengthen Republic's position as a blockchain investor, enhancing its ability to trade tokens and engage in secondary market opportunities with both crypto and real-world assets. The acquisition is projected to close within eight months, contingent on certain closing conditions. The announcement initially boosted INX's market price significantly, opening at $0.02 and surging to $0.16 before settling at $0.09 within hours.
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