The broker-dealer and inter-dealer broker, INX in a sealed bid, expressed his intentions to purchase the voyager’s assets for an undisclosed amount. 

Reasons for INX’s decision

Voyager Digital is one of the companies that became a casualty of the November 11th FTX collapse. FTX had previously agreed to purchase Voyager Digital. The US Bankruptcy Court invalidated the purchase agreement due to FTX’s bankruptcy. INX, a large broker-dealer in the United States, will leverage its position as a FINRA and SEC-regulated broker-dealer/ATS and as a cryptocurrency trading platform, to purchase Voyager Digital.

David Weild, INX’s chairman of the board and former Vice Chairman & Executive Vice President at Nasdaq, said;

“Our bid is a strategic next step in executing INX’s vision to democratize finance and reshape existing paradigms in the market by leveraging the power and versatility of its regulated trading platform,” said Shy Datika, CEO of INX, “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers and creditor interests – giving them the stability they are looking for.”

He further added; 

“As market structure continues to evolve on automated blockchain technology within the regulated environment, new digitized solutions will democratize finance and set the foundation for a revolution in innovative security solutions,” 

About INX

INX has a history of being one of the most regulated trading platforms for digital securities.

The INX Group strongly believes that it’s shaping the outlook of the blockchain asset industry through its willingness and approach to work in a regulated environment with oversight from regulators like the SEC and FINRA.