May 4, 2023 - INX, a broker-dealer and inter-dealer broker, announced that it has launched a pilot enterprise-level wallet management solution for regulated security tokens through a collaboration with its long-standing partner, BitGo.
The wallet solution includes new Web3 features alongside the regulatory guardrails of INX's SEC-registered platform, INX.One. It builds on wallet management standards using BitGo's policy management solution to allow the setting of policies with spenders, viewers, approvers and administrators.
Itai Avneri, deputy CEO and COO of INX commented: “Continuing our role as a pioneer in the security tokens space by introducing new and fully-regulated solutions for all investors, we are thrilled to announce another 'first' with the introduction of our wallet solution for institutional investors.”
"By collaborating with Web3 powerhouse BitGo, significant barriers of entry that have previously plagued this aspect of the security tokens market have now been removed. As a result, INX and its partners are enabling institutional investors to take full advantage of the opportunities that exist in the tokenization ecosystem."
Key features include:
Commenting on the new launch, Lisa Jowett, Head of Platform Sales at BitGo commented: “At BitGo, we believe in the transformative potential of blockchain technology for real-world assets. We are thrilled to partner with INX to provide their clients with an enterprise-grade wallet platform for security tokens. Our wallets can connect to and interact seamlessly with INX.One without compromising on security or reliability. This will unlock new possibilities for investors and serve as a gateway for institutional adoption of Web3.”c
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