We will only discuss retail users and will not mention professional users.

INX Token: INX completed its public offering with SEC registration (Form F-1) and is widely known as the "first SEC-registered digital token IPO," allowing it to be sold to U.S. retail investors. Its platform also provides primary/secondary services for registered security tokens (whether specific assets are allowed for retail depends on the asset's registration/exemption path).

Exodus: Exodus previously issued tokenized common stock to retail investors using Reg A+, initially tradable on the tZERO ATS, and later transitioned to the OTC system. This case demonstrates the feasibility of Reg A+ allowing retail participation in tokenized equity offerings, but the direction of secondary liquidity may change with platform strategy.

Reminder: Whether U.S. retail can buy depends on the specific security's compliance path (such as registered issuance/Reg A+), rather than whether "the platform has a license." Most digital securities platforms (Securitize, tZERO, INX, etc.) also handle Reg D (accredited investors only) projects, which are not available for retail purchase.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。