VANCOUVER, British Columbia, August 02, 2022–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTC Pink: NFTFF) (“NFT Tech”), a leading technology company to mainstream decentralized ownership, NFTs and the Metaverse for public markets, announced today that it has expanded access to common shares for international investors thanks to eligibility for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly-traded companies. As the largest securities depository in the world, DTC holds over thirty-five trillion dollars worth of securities on deposit. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible.” The eligibility offers a simplified electronic trading method that will drive timely settlements and expand NFT Tech’s reach in the US market, while also enhancing the availability of the common shares.
“Further accessibility for investors is key and aligns with our strategy of working with global brands. Global markets are a reminder that we’re working with brands with a global presence and have the long term goal of securing 50 brands over the next 2 years,” said Adam De Cata, CEO of NFT Tech. “We’re excited to further explore the US market and DTC is a great step forward as we launch brands with long term longevity and resale royalty opportunity.”
In addition to opening doors for new investors in the North American region, existing investors can benefit from greater liquidity and execution speeds thanks to DTC eligibility, which makes the trading process simpler and allows NFT Tech’s shares to be traded over a wider selection of brokerage firms.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate, and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse. Current projects include founding the GOAT Guild and Fuku.
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Cautionary Note on Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 (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 (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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