INX Limited, an owner of blockchain-based platforms for trading digital securities and cryptocurrencies, today announced the acquisition of ILS Brokers Ltd (ILSB).
Established in 2001, ILS Brokers Ltd is an Israel-based interdealer-broker with over 50 tier-1 and tier-2 global bank relationships focusing on OTC trading of FX, interest rate and other derivative products. ILSB is an NFA member, registered as an introducing broker and swap firm and holds other licenses in Israel.
The acquisition will allow INX to expand its global institutional reach while focusing on lead generation and OTC trading.
INX recently announced the closing of its acquisition of Openfinance Securities, LLC, a FINRA-regulated broker-dealer and alternative trading system, along with a significant partnership with GMO Trust to list the GYen, the first Yen-pegged stable coin launched with New York Department of Financial Services approval. INX envisions a multitude of digital offerings across asset classes and trading platforms.
INX President, Shy Datika, commented on the deal:
“I believe that through these recent events, INX is systematically cementing its position as the bridge between traditional finance and the world of cryptocurrencies and digital securities. The purchase of this interdealer-broker offers another building block and touch-point linking traditional finance with the cryptocurrency and digital security space, offering a full range of traditional and digital brokerage services.
