An Ottawa fintech firm that’s aiming to become Canada’s first qualified custodian for cryptocurrency assets says it plans to go public this fall.
Brane Capital announced Monday it expects to gain a listing on the TSX Venture Exchange in late September via a reverse takeover of Timeless Capital Corp., a capital pool company.
CEO Adam Miron, who co-founded cannabis giant Hexo before joining Brane as chairman of its board of directors in 2019, told OBJ the “time is right” to take the company public as it pursues its goal of becoming a qualified custodian.
The four-year-old startup has developed patented technology to protect and store cryptocurrency assets such as bitcoin in a bid to keep them secure from hackers and other bad actors. It offers software that allows foundations and certain other entities to manage their own assets and is now seeking regulatory approval to store digital currency on behalf of investors.
Custodian Brane Capital Announces Plans for Public Listing
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Crypto Custodian Brane Capital announces public listing plans – New Business Ethiopia
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