INX security token platform gets its first token from a public company, Greenbriar

INX has

INX has previously listed two other security tokens on its platform: INX, which represents shares of the platform’s own company and MSCO, which represents shares of the MS Token fine art studio. However, these previous tokens have represented privately held companies, whereas GEBRF is the first public company with full financial disclosures to join the INX platform, the announcement said.

INX also offers traditional cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Zcash (ZEC), and others.

Cryptocurrency developers have often tried to avoid having their tokens classified as securities, since this designation requires developers to provide extensive disclosures to the Securities and Exchange Commission and other government bodies. However, some experts argue that tokenization of securities will bring benefits to the traditional financial industry.

In September, KKR’s Health Care Strategic Growth Fund II (HCSG II) was tokenized on the Avalanche (AVAX) network with the help of Securitize Capital. And in October, the Tel Aviv Stock Exchange announced it was testing a tokenized bond trading program. Ralf Kubli of the Casper Association has argued that tokenized mortgage-backed securities will be essential in preventing future financial crises.