The Luxembourg-based technology for digitising corporate assets, developed by Arnab Naskar (pictured) and Tobias Seidl, is up and runniing. They have struck a partnership with INX allowing for additional visibility in the US. (Photo: Maison Moderne/Archives)

The Luxembourg-based technology for digitising corporate assets, developed by Arnab Naskar (pictured) and Tobias Seidl, is up and runniing. They have struck a partnership with INX allowing for additional visibility in the US. (Photo: Maison Moderne/Archives)

During the Bitcoin Miami 2022 conference, Luxembourg fintech company Stokr specialising in the tokenisation of corporate assets announced the launch of a partnership with US crypto trading platform INX.

In May 2021, INX closed its security token offerings (STO) fundraising round, the first such operation approved by US financial regulator SEC, raising around $85m from more than 7,200 investors. The US fintech has already positioned itself well on the market with the recent acquisitions of Open Finance and Tokensoft Transfer Agent.

Stokr, on the other hand, has hosted some of the most successful STOs outside the US, such as Blockstream Mining Note (BMN), which raised over $44m and Infinite Fleet which raised over $5 million and whose tokens will be at the heart of the two companies' first joint project.

The two fintechs took advantage of Bitcoin Miami 2022--the world's biggest Bitcoin conference--to sign a partnership which will see them collaborate on several initiatives to benefit from each other's ecosystems and customers, allowing for a broader reach for security token issuers.

“INX team has been at the forefront of innovation in the US digital securities space. We believe that Stokr’s collaboration with INX will allow digital securities issuers to access both the EU and the US investment market in a regulated and standardised manner,” said Stokr co-founder and CEO Arnab Naskar. “Digital securities market is growing steadily over the last years and it is important that we create a collaborative environment to foster this innovative space.” 

“While INX and STOKR inhabit the same security token space, we each offer issuers different blockchains and regulatory compliance,” added INX's chief commercial officer, Douglas Borthwick. “We look forward to working closely with Arnab and his team as this space evolves. It is important that issuers understand all of the opportunities globally, and we feel this partnership opens up contingencies for all involved.” 

A recent report estimates that the market volume for security tokens in Europe will reach €918bn by 2026. Meanwhile, demand for security tokens in the primary and OTC markets is growing steadily.

This story was first published in French on . It has been translated and edited for Delano.

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