Crypto Ace Michael Moro Steps Up as Chief Strategy Officer for Security Tokens Leader INX

Ex-Genesis CEO and Crypto Veteran Michael Moro Chooses His Trophy: Making INX's Vision a Reality

TORONTO, June 10, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, U.S. broker-dealer, alternative trading system, transfer agent, and inter-dealer broker, announced today that the former CEO of Ankex and Genesis will join the team as Chief Strategy Officer starting June 10th.

Michael Moro brings a wealth of experience and strategic insight. Reflecting his recognition of INX's innovative structure and offerings, his new role will include designing and implementing an actionable strategic plan and leading the business development and growth. Leveraging the company's pioneering structure in regulated digital asset trading and primary offerings, he aims to optimize an expedited expansion of the democratization of finance, creating new avenues for tokenization in digital finance and providing impactful solutions to a global audience.

Moro is a Georgetown University graduate. He began his career on Wall Street in Citi's Investment Banking Division. In addition to his roles as CEO at Ankex (a non-custodial crypto derivatives exchange) and Genesis (an institutional crypto prime brokerage), he has sat on the Oversight Committee for the CME CF Cryptocurrency Pricing Products since its inception.

Shy Datika, CEO of INX: "We are honored to have Michael on our team. His esteemed journey in both traditional and digital finance uniquely positions him to recognize the significance of INX's innovative structure and path. In our mission to establish a safe and secure path to realizing the potential of digital finance, he brings a unique experience and point of view to design and execute a new and impactful strategy. I eagerly anticipate the positive impact he will bring to both our company and our customers' financial objectives."

Michael Moro: "I am honored to join the dynamic team at INX as Chief Strategy Officer. INX's commitment to revolutionizing digital finance aligns perfectly with my passion for innovation and strategic growth. Together, we will navigate the evolving landscape of blockchain technology, driving forward INX's mission to redefine the future of finance."

About INX:
INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach.

About The INX Digital Company, Inc.: INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. 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. For more information, please visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the completion of the transactions described herein, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

Cboe Canada is not responsible for the adequacy or accuracy of this press release.‍

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.‍

SOURCE The INX Digital Company, Inc.

For further information, contact: The INX Digital Company, Inc., Investor Relations, [phone], Contact: Alan Silbert, Email: [email protected]