The INX Digital Company Reports Q4 2024 and Annual Financial Results
TORONTO, March 28, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB:INXDF) (INXATS: INX) (the "Company" or "INX"), the owner of INX.One- a regulated platform for security tokens and cryptocurrencies, U.S. broker-dealer, alternative trading system, and transfer agent (through its subsidiaries) - announced its financial results for the fourth quarter and full year ended December 31, 2024.
Investment gains or losses for any particular period are not indicative of quarterly business performance. Company earnings for the fourth calendar quarter and the full calendar year 2024 are summarized below. All balances are reflected in U.S. Dollars.
2024 Financial Highlights:
Balance sheet Position: INX maintained a conservative capital structure with no long-term debt and total operating capital of $18.2 million as of December 31, 2024. Adjusted Working capital of $18.1 million (excluding assets held in the Reserve Fund and the INX Token liability).
Reserve Fund: A reserve fund of $34.3 million has been maintained, set aside for the protection of customer funds, independent of the company's operating capital.
2024 Trading and Transactions fees: Trading and transaction fees totaled $0.4M, primarily driven by transaction and brokerage activity.
Operational Loss: The loss from operations for the year ended 2024, was $13.3 million compared to $18.8 million for the same period in 2023, an improvement of 41%.
Net Income : Net income for the year was $18.6 million ($0.08 earnings per share), largely attributable to a non-cash accounting gain from the revaluation of token-related liabilities.
2024 in Review: INX Builds Momentum as a Regulated Marketplace for Real-World Asset Tokenization
In 2024, INX continued to execute on its long-term strategy to build a scalable, regulated, and global infrastructure for digital assets—anchored in the rise of tokenized Real-World Assets (RWAs). Operating as a dual-platform for security tokens and cryptocurrencies, INX.One evolved into a single access point for blockchain-based capital markets. By doing so, the Company enabled seamless interaction between traditional and digital finance, allowing investors to access assets with real-world value directly on-chain.
During 2024, the Company focused on growing liquidity in the secondary market while expanding the reach and diversity of its listed products. Throughout the year, INX's platform supported capital raises, token issuances, and compliant secondary trading for a growing number of issuers—driving both institutional and retail participation.
As of December 2024, four portfolio companies were actively raising capital via primary offerings on INX.One. ...
