Raising Capital for Nanotechnology Commodities Exchange
The INSCX Exchange has embarked on a capital raising campaign as it signed contracts with Global Equity International to raise $137 million and assist with launching the public market.
The Dubai-based INSCX is the world’s first nanotechnology commodities exchange for the physical delivery of nano tech and other specialized materials, such as polymers, base oils and titanium dioxide.
INSCX offers the only global track and trade reporting system for engineered nanomaterials, according to a company statement. The exchange offers a secure and compliant framework for the nano tech industry.
Commissioned by Lloyds (Bank) of London in 2010, INSCX already counts major global brands as its members with hundreds of firms trading on a daily basis.
“INSCX provides transformative and disruptive opportunities across various” industries, the company said, including health care, electronic, automotive, chemical, petrochemical, cosmetic, food, agricultural and general manufacturing. “The exponential growth of innovation and development of nano causes problems globally due to a significant lack of a centralized framework. The INSCX exchange provides those unique International standards for trade and the level and number of transactions is set to rise to an unprecedented level.”
“Since inception INSCX has worked tirelessly to create an effective price discovery and physical trading mechanism to aid the commercial potential of nanomaterials,” said Mujdat Karatas, Chairman of INSCX Exchange Limited. “In tandem with our core nano business, we have integrated trade in emerging materials with providing effective price discovery and hedging tools for complementary material sectors such as polymers and base oils. The capital we raise will enable the exchange to expand European and U.S. operations.”
“Nanomaterials have previously been priced and traded ad hoc with no central hub for customers and suppliers alike,” said Peter Smith, CEO of Global Equity International Inc. “INSCX bridges the gap, allowing accessibility to both sides of a transaction with standardized pricing. The demand for Nanotechnology in years to come will be phenomenal; the demands for the pricing data will also be phenomenal.”