NFT Tech Announces Eligibility for DTC Deposits, Expanding Access To Common Shares For US Investors
Vancouver, British Columbia, August 2, 2022 – 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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