547Views
INX Limited has signed a letter of intent with ALK Capital (owners of Burnley Football Club) to list the English Premier League club’s publicly traded digital security token on one of their trading platforms.
This deal could revolutionize how sports teams are valued and will ultimately help fans get more insight into what they’re paying for tickets, apparel or other items associated with sport franchises.
According to the press release, “Security tokens are digital assets that trade and settle on the blockchain. Unlike cryptocurrencies or basic fan tokens, these are securities that will be registered with the U.S. Securities and Exchange Commission.”
The security tokens would be available for purchase by investors, and then listed on the INX trading platform, which is open 24/7.
We’ve been researching and focused for quite some time in pinpointing the correct digital financial instrument that gives our fans the greatest opportunity to be involved in building a strong financial foundation for our clubs, while giving them exposure to various revenue streams going forward with the comfort of an established regulatory scheme
Alan Pace, Chairman of Burnley Football Club and Managing Partner of ALK Capital
About INX Limited
INX Limited (INX) owns regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. INX’s vision is to be the preferred global regulated hub for digital assets on the blockchain. INX’s overall mission is to bring communities together and empower them with financial innovation. INX’s journey started with its initial public token offering (“IPO”) of the INX Token in which it raised US$83 million. INX is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.
😡 Tired of missing important competitions, crypto and NFT airdrops?
👉 Check out our crypto calendar and never miss another drop! 🚀
Subscribe to our weekly newsletter ✅
Join us on Twitter
Check out our Telegram Channel
Join us on Discord
And if you’re really “old school” 🎥: Join us on Facebook, Follow us on Instagram and Follow us on Linkedin
Information is provided for educational purposes only and isn't investment advice. This article does not provide a recommendation to buy or sell any digital asset, nor is it an endorsement of particular coins/tokens by the author(s).
