Apr 1, 2022 The INX Digital Company Inc.

The INX Digital Company Corporate Quarterly Update

 
INX Digital

NEW YORK and TORONTO, April 1, 2022 — The INX Digital Company, Inc. (NEO:INXD) (the “Company“), the owner of digital asset trading platforms, is pleased to share our Corporate Quarterly Update. March has been a busy month for The INX Digital Company, Inc. (NEO:INXD). Very busy. With new cryptocurrencies listed on INX Crypto, new payment options added to both platforms, a flurry of money transmitter licenses added to our license collection, the introduction of our generous referral program, and multiple engagement letters signed with future token issuers.

Come visit us at booth #1203

We will delve into more detail in this update regarding all these initiatives, each of which builds on our readiness for our crypto App release later this month. We have opined a number of times that the company is about to hit the global stage in a much larger capacity. Now we have laid the table and are ready to welcome newcomers to the The INX Digital Company, Inc. (NEO:INXD) platform that we have all built together over the past 12 months.

This month we welcomed listings of SAND, MANA and MATIC to the INX Digital platform. These tokens passed through our internal process and are now listed against the USD and other cryptocurrencies. We have a long list of protocol and other tokens to join them on The INX Digital Company, Inc. (NEO:INXD) Crypto and expect to see our offerings begin to rise considerably over the next few months; indeed, we expect to add LINK next week.

Moving money onto and off the platforms in a frictionless manner has been a priority for the team. If you can remember, when we acquired Openfinance, the only way to move funds onto the platform was via a wire transfer or through transferring ETH and waiting 3 working days. This was obviously not acceptable to any of us, and so we added ACH, and SWIFT for those outside the US. We also accelerated the transfer and exchange of ETH and USDC payments to less than 20 minutes, whatever the time of day or day of the week. Our token holders use this feature with great confidence, and we are extremely excited to have found a way to thread that needle.

Perhaps more exciting is the fact that when ETH, USDC and BTC are moved to The INX Digital Company, Inc. (NEO:INXD) Securities, any USD balances resulting from crypto sales are held in a bank account in the user’s name at our third-party banking partner. This has been of great help to many users that have sought to cash out of cryptocurrencies on other platforms, yet have been stymied whenever they wanted to transfer USD funds back to their primary bank. It is certainly true that some traditional banks often have trouble with receiving funds from a crypto exchange, but we have yet to find issues when funds are transferred from one named bank account to another. You can apply to The INX Digital Company, Inc. (NEO:INXD) securities here.

As you know, our securities platform is integrated with Metamask. Metamask usage has grown significantly, globally, and over the past week they added new functionality for converting global fiat into ETH via their wallet. Now you can add ETH to your wallet from a credit card and even ApplePay! A number of industrious community members have noted that with this functionality they are able to add ETH to their wallet via ApplePay, then send that ETH to The INX Digital Company, Inc. (NEO:INXD) Securities and have USD credited in their securities account in less than 15 minutes. While this is not yet instant, it has indeed come a long way from the 3 working days path of old!

As regards money transmitter licenses; this past month we added North Carolina, Idaho, Nebraska, and Mississippi. We now hold 38 US States and territories, representing around 67% of the US population. With our crypto business open to two-thirds of the US, and our securities business to 100% we are excited to launch our App in the coming month. As a reminder, the first App will be only for crypto trading, but our second App, expected this Fall, will incorporate both crypto and securities (primary raises and secondary trading).

Our referral program was introduced this past week and already we have noticed an uptick in onboarding. It is a multi-step process; beginning with registration, a deposit by the referred user, and then trading. We’ve already heard of numerous imaginative ways that our community is using their referral codes to attract new registrants and users. From adding the link to youtube videos, creating websites, sending emails to friends and family, and even enterprising college students going door to door in their dorms! Our referral program is an excellent way for anyone to earn additional income from spreading the The INX Digital Company, Inc. (NEO:INXD) message, and we are already excited by the results and the enthusiasm it is generating.

Our capital raising business has been firing on all cylinders, with 11 engagement letters sent to issuers and 5 already signed. This means our primary raises will soon begin and we are excited to introduce these issuers to the world. Of the signed engagement letters we have capital raises in the works for an App related to transportation, a bitcoin miner looking to distribute 50% of all bitcoin they mine, an OTC company looking to delist and trade on The INX Digital Company, Inc. (NEO:INXD), a real estate-related token looking to delist from another exchange and list on our ATS, and an ESG play that is building a technology to convert waste into usable energy. We very much look forward to starting their journeys and bringing their communities to The INX Digital Company, Inc. (NEO:INXD). More details will be shared as the process moves along. We have many more companies in our pipeline, and only send out engagement letters once a company is close to launch.

Finally, next week we will be hosting a booth at Bitcoin Miami 2022. It would be great to meet in person. So if you are around, please look for our Deputy Group CEO and COO Itai Avneri, CBO Douglas Borthwick, our Head of Business Development, and other team members. We will be ready to discuss our vision, the App, digital securities and all things crypto! Come visit us at booth #1203.

About The INX Digital Company, Inc.

The Company is the holding company for the The INX Digital Company, Inc. (NEO:INXD), which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The The INX Digital Company, Inc.’s (NEO:INXD) overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which it raised US$83 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.

In addition to operating two regulated trading platforms for blockchain assets, the Company’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the NCIB and the terms of the NCIB, including the price and number of common shares that may be purchased. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to: the development of the digital asset industry. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to regulatory developments and general economic conditions. Accordingly, readers should not place undue reliance on the forward- looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

All information contained in this press release with respect to the corporate entities referenced herein was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party.

The NEO Exchange is not responsible for the adequacy or accuracy of this press release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE The INX Digital Company, Inc. (NEO:INXD)

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1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding THE INX DIGITAL COMPANY, INC.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to THE INX DIGITAL COMPANY, INC.s industry; (b) market opportunity; (c) THE INX DIGITAL COMPANY, INC.’s business plans and strategies; (d) services that THE INX DIGITAL COMPANY, INC. intends to offer; (e) THE INX DIGITAL COMPANY, INC..’s milestone projections and targets; (f) THE INX DIGITAL COMPANY, INC.’s expectations regarding receipt of approval for regulatory applications; (g) THE INX DIGITAL COMPANY, INC.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) THE INX DIGITAL COMPANY, INC.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute THE INX DIGITAL COMPANY, INC.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) THE INX DIGITAL COMPANY, INC.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) THE INX DIGITAL COMPANY, INC.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) THE INX DIGITAL COMPANY, INC.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of THE INX DIGITAL COMPANY, INC. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) THE INX DIGITAL COMPANY, INC.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact THE INX DIGITAL COMPANY, INC.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing THE INX DIGITAL COMPANY, INC.’s business operations (e) THE INX DIGITAL COMPANY, INC. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, THE INX DIGITAL COMPANY, INC. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does THE INX DIGITAL COMPANY, INC. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither THE INX DIGITAL COMPANY, INC. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of THE INX DIGITAL COMPANY, INC. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of THE INX DIGITAL COMPANY, INC. or such entities and are not necessarily indicative of future performance of THE INX DIGITAL COMPANY, INC. or such entities.