INX to Issue SEC-Regulated CCNA Token, Emphasizing ‘Future of Green Automotive Transportation and Logistics’ Concept
INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 5, 2023, its facilitation of the primary capital raise and issuance of Convertible Concepts Corporation’s CCNA Token. The digital security token, regulated by the SEC, offers accredited U.S. and international investors the chance to invest in the future of green automotive transportation and logistics. The token is available for a minimum investment of $2,000, with $15 million already raised.
The CCNA Token is the seventh token offering on INX.One in less than a year. Itai Avneri, Deputy CEO & COO of INX, stated, “By democratizing alternative investments, investors from all over the world are able to benefit from the wealth of opportunities available through digital assets like the CCNA Token – especially in industries like the automotive and logistics industry, which is ripe for disruption.”
Convertible Concepts aims to address the automotive transportation industry’s issue of single-use equipment, which results in empty return trips for vehicle transporting trailers. This inefficiency accounts for 42% of auto transport miles, 2 billion gallons of wasted diesel fuel, and 22 million tonnes of avoidable CO2 emissions globally each year. The company’s convertible trailers, versatile freight boxes, and software-driven logistics solutions aim to reduce these inefficiencies and environmental impact.
Bill Pawluk, CEO of Convertible Concepts Corporation, commented, “This problem is our opportunity, as we monetize normally empty miles reducing carbon footprint, improve efficiencies and help reduce the cost of the distribution of finished vehicles. All automotive stakeholders, including the customer, stand to benefit from Convertible solutions.”
The CCNA token offers its holders 40% of total CCNA profits in North America without a cap on ROI. The INX.One platform, the only fully-regulated platform for listing and trading both SEC-registered security tokens and cryptocurrencies, will facilitate the token offering.
INX, led by an experienced team of business, finance, and technology veterans, provides regulated trading platforms for digital securities and cryptocurrencies. With a combination of traditional markets expertise and a disruptive fintech approach, INX aims to redefine the world of capital markets via blockchain technology and a disciplined regulatory approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain, bringing communities together and empowering them with financial innovation. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.