The global financial firm Republic is planning on purchasing a crypto and tokenized securities trading platform for tens of millions of dollars.

According to a new press release, Republic – founded in 2016 and backed by banking giant Morgan Stanley – plans on purchasing real-world asset tokenization platform INX (INXDF) for up to $60 million.

The terms of the deal would have Republic purchase all outstanding public shares of INX for approximately $54.8 million, though the finalized deal could be worth up to $60 million.

The press release says Republic was interested in acquiring INX because it allows the firm, which was already a shareholder of INX, to fully immerse itself in the world of digital assets by providing blockchain-based decentralized finance (DeFi) and tokenization services.

As stated by Shy Datika, Founder and chief executive of INX,

“Joining forces with Republic accelerates our vision of a fully regulated, tokenized economy that empowers investors globally. Together, we’re setting a new standard for how real-world assets and digital securities are issued, traded, and managed.

By combining INX’s expertise in security token and cryptocurrency trading with Republic’s global investment reach, the merged entity will offer a full investment lifecycle in a regulated and scalable ecosystem – bridging traditional finance and blockchain technology.”

According to the press release, Republic is purchasing the rest of INX’s outstanding shares at a staggering 457% premium, based on its latest closing price.

INXDF is trading for $0.0634 at time of writing, a 20.75% decrease on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A new decentralized finance (DeFi) trading altcoin is surging after gaining support from the top US-based crypto exchange platform by volume.

In a new thread on the social media platform X, Coinbase says it’s adding the DeFi token Definitive Finance (EDGE) to its suite of digital asset products with an experimental label, causing the altcoin to skyrocket.

Coinbase’s experimental label designates assets as having higher volatility and lower trading volume compared to other products offered by the firm.

News of the addition sent EDGE flying, as the token went from an April 2nd low of $0.0274 to a peak of $0.1157 just a few hours later. The digital asset has since retraced and is trading for $0.086 at time of writing, a staggering gain of nearly 180% during the last 24 hours.

According to its official website, Definitive aims to mimic the experience offered by centralized exchange platforms, such as Coinbase and Binance, despite being decentralized.

“Definitive is the future of onchain trade execution. We deliver a CeFi-like experience on DeFi rails via a fully non-custodial platform and API (application program interface) that is live across Solana, Base and other major EVM (Ethereum virtual machine) chains.

With Definitive, anyone – from a retail user, to a whale, to a liquid fund, or even an AI agent – can trade any asset on any chain with the same institutional-grade execution found in CeFi.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Eric Trump, executive vice president of the Trump Organization, says that de-banking concerns make a strong case for cryptocurrency adoption.

In a new interview with Fox Business, the son of US President Donald Trump alleges that he is a victim of the “cancel culture” engaged in by US banks, including Capital One and JPMorgan Chase.

Asked which financial institutions de-banked him, the youngest son of US President Donald Trump says,

“Oh God, everybody. Capital One being the largest. I’ve sued them recently. Chase canceled us…

You can’t believe when you get those calls. And we have properties, commercial buildings, that literally have hundreds and hundreds of employees, thousands of people that work in those buildings every single day. They call you up saying in two weeks we’re going need you to shut down the bank account.”

Trump says he became a big supporter of crypto as a result of the alleged de-banking.

“These bank accounts are ecosystems, and they came after us viciously, because my father was in the White House and they wanted to punish us. It was legal lawfare. It was political lawfare. And that’s what opened my eyes.

I’m a hard asset guy. My entire life has been building hotels, golf courses, real estate buildings, commercial buildings, etc. That’s what I’ve done. If there’s anybody’s eyes who shouldn’t have been open to the world of cryptocurrency it was mine other than I realized the power that these banks had, and I realized how they were exerting that power, and they were canceling businesses all over our country. It was political. It was forced. They were targeting people that they didn’t like. It wasn’t fair. And then you realize that there’s not a single thing that those banks do that can’t be done better, cheaper, more efficiently, faster on blockchain.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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