VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTC Pink: NFTFF) (“NFT Tech”)a leading technology company mainstreaming decentralized ownership, NFTs and Metaverse for public markets, today announced 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 has over thirty-five trillion dollars worth of securities on deposit. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC-eligible.” The qualification offers a simplified electronic trading method that will drive timely settlement and expand NFT Tech’s reach in the US market, while increasing the availability of common stock.
“Further accessibility to investors is key and is in line with our strategy of working with global brands. Global markets are a reminder that we work with brands with a global presence and have the long-term goal of securing 50 brands over the next 2 years, says Adam De Cata, CEO of NFT Tech. “We are excited to further explore the US market and DTC is a major step forward as we launch brands with long-term longevity and royalty resale potential.”
In addition to opening doors to new investors in the North American region, existing investors can benefit from greater liquidity and execution speeds thanks to DTC qualification, which simplifies the trading process and allows NFT Tech’s shares to be traded across a wider range of brokerage firms.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and monetize 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. Ongoing projects include founding the GOAT Guild and Fuku.
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