Contact Us

+350 20079000

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

Hassans advises INX in setting up the first IPO of a security token registered with the U.S. SEC.

Hassans, led by Partner Aaron Payas, was delighted to have advised INX in setting up the first ever Initial Public Offering (‘IPO’) of a security token registered with the U.S. Securities and Exchange Commission (‘the SEC’). 

The first IPO (not ICO, or initial coin offering, which is the nomenclature for the issue of utility tokens as opposed to security tokens) structured through Gibraltar is the culmination of a process which INX embarked upon, with Hassans, around two years ago. 

INX filed a draft F-1 form with the SEC initially back in January 2018 and has been engaged in a lengthy, often arduous process of dealing with queries and requests for further information from the SEC over the last two years. There have been nine rounds of feedback during which the project has come under heavy scrutiny, focusing in part on the reasons why INX chose Gibraltar as the jurisdiction and, further, the provision of extensive feedback in relation to Gibraltar law.

You can read Hassans' press release here for more info.

INX Limited today announced that the Securities and Exchange Commission (SEC) has declared as effective its registration statement on Form F-1 filed in connection with the initial public offering (the "Offering") of up to 130 million INX Security Tokens (the "INX Tokens" or "Tokens").

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

Upcoming compulsory pensions deadlines for Medium, Small and Micro companies

As many employers will be aware, following the enactment of the Private Sector Pensions Act 2019 (“the Act”), which came into force in...

Posted on
Read more

Ethical Gambling Forum 2024

The Ethical Gambling Forum 2024 was held at the Sunborn Hotel, Gibraltar, last week attended by gambling operators and service providers...

Posted on
Read more

Insurance and Reinsurance Comparative Guide

Hassans' Head of Insurance Yvonne Chu has contributed to Lexology's most recent Panoramic Guide relating to Insurance and Reinsurance. ...

Posted on
Read more