VANCOUVER, British Columbia, Aug. 02, 2022–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTC Pink: NFTFF) (“NFT Tech”)a leading technology company for mainstreaming decentralized ownership, NFTs and Metaverse for public markets, today announced that it has expanded access to common stocks for international investors through electronic clearing and settlement entitlement 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 public companies. As the largest custodian of securities in the world, DTC holds over $35 trillion in securities on deposit. Securities that are eligible for electronic clearing and settlement by DTC are considered “DTC Eligible”. Eligibility provides a simplified electronic trading method that drives timely settlements and expands NFT Tech’s reach in the US market while improving common stock availability.
“Continued accessibility for investors is critical and aligns with our strategy of working with global brands. Global markets are reminding us that we work with brands with a global footprint and have a long-term goal of securing 50 brands over the next two years,” said Adam De Cata, CEO of NFT Tech. “We look forward to further exploring the US market and DTC is a big step forward as we introduce brands with long-term durability and resale royalty.”
In addition to opening doors to new investors in the North American region, existing investors can benefit from greater liquidity and speed of execution thanks to the DTC eligibility, simplifying the trading process and allowing NFT Tech shares to be traded through a wider range of brokerage firms.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate, and intellectual property in the metaverse, build and generate revenue from P2E and M2E games, and provide insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech establishes decentralized ownership, NFTs and the Metaverse. Current projects include the creation of the GOAT Guild and Fuku.
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Cautionary Statement Regarding Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of applicable securities laws relating to the Company. These forward-looking statements are generally 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 upon which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information as the Company cannot guarantee that they will prove to be accurate become correct. Because forward-looking statements and information address future events and conditions, by their nature they involve risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including but not limited to the risk factors described in the prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable law laws is required.
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