Web3 Ventures Inc. (“Web3” or the “Company”) (CSE: WEBV) (OTC Pink: WEBVF), a leading web 3.0 company specializing in blockchain solutions, decentralized applications, announces that its subordinate voting shares have qualified to trade on the OTC Pink market under the symbol " WEBVF". In addition, the Company has also received notice of DTC eligibility. The Company’s subordinate voting shares will continue to trade on the Canadian Securities Exchange under the symbol "WEBV".
“Offering transparency and liquidity have always been two primary objectives for the Company,” said David Nikzad, CEO and Co-Founder of Web3. “We now have the opportunity to offer US investors the advantage to invest in various web3.0, DeFi, AI, and blockchain initiatives by way of a publicly traded company in Web3”.
Liquidity Unlocked for US Investors
The OTC is a U.S. trading platform that is operated by the OTC Markets Group in New York, and is the premiere marketplace for early-stage and developing U.S. and international companies. The OTC quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
The Company also announces that its subordinate voting shares are DTC eligible under Cusip # 948445200.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible".
This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.