INX Signs Term Sheet to Acquire Openfinance Securities LLC
October 27, 2020
INX Limited has signed a term sheet to acquire Openfinance Securities LLC, a FINRA/SIPC-registered U.S. broker-dealer and alternative trading system (ATS) based in Chicago, subject to definitive agreements and regulatory approvals. The deal would transfer Openfinance's broker-dealer and ATS business — including systems, digital asset listings, client relationships and licenses — to INX as it expands its regulated digital-asset trading capabilities.
- Buyers
- INX Limited
- Targets
- Openfinance Securities LLC
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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