INX Digital Company Inc (TSE:INXD) has released an update.
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INX Digital Company, a multifaceted financial services firm, reported a 31% increase in net revenue to $5.6M for 2023, primarily fueled by transaction and brokerage fees. Despite this growth, the company faced a net loss of $13.2M, although it maintains a strong balance sheet with significant operating and reserve funds. The company has also made strides in security token adoption, with five portfolio companies raising capital on its exclusive trading platform and the successful distribution of blockchain-based dividends.
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