TORONTO, Aug. 14, 2025 /CNW/ – The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB:INXDF) (INXATS: INX) (“INX” or the “Company”), the owner of INX.One—a security token and digital asset trading platform, U.S. broker-dealer, alternative trading system, and transfer agent—announced today its financial results for the second quarter ended June 30, 2025.
The financial performance for the second quarter of 2025 reflects the Company’s continued progress in enhancing its infrastructure, expanding platform capabilities, and positioning itself for scale under its pending acquisition by Republic. All balances are in U.S. Dollars.
During Q2 2025, the acquisition of INX by OpenDeal Inc. (d/b/a Republic) advanced significantly, with approvals secured by INX shareholders, the Canadian court, and FINRA (the U.S. Financial Industry Regulatory Authority), among others. The transaction is now progressing toward completion.
- Balance Sheet Position: As of June 30, 2025, INX held total working capital of $1.9 million and adjusted working capital of $10.6 million, excluding the Reserve Fund and INX Token liability.
- Q2 Trading and Transaction Fees: Trading and transaction fees for Q2 totaled $52K, compared to $104K in the same period in 2024.
- Net Loss: The net operating loss for Q2 was $4.2 million, compared to $3.8 million in Q2 2024.
- Reserve Fund: A reserve fund of $34.3 million continues to be maintained for the protection of customer funds.
- Cash Flow: Net cash used in operating activities during Q2 was $5.8 million.
Q2 2025 was marked by significant advancements in user experience, banking infrastructure, and platform positioning as INX continued to strengthen its role as a multi-asset platform connecting cryptocurrencies, stablecoins, Real-World Assets (RWAs), and security tokens under a unified, U.S.-registered trading environment. The Company’s efforts were focused on supporting retail adoption and operational scale through technology and infrastructure upgrades.
INX has completed the migration of its banking and payments infrastructure for INX Securities to Rail and its banking partners to enhance fiat onboarding and withdrawals. These enhancements improved automation across onboarding, funding, and account approvals, positioning INX to serve a broader user base more …