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Home News Ether Capital Launches on NEO Exchange

Ether Capital Launches on NEO Exchange

Photo courtesy of Business Wire

Toronto-based  Ether Capital Corporation has announced that its common shares began trading on the NEO Exchange on April 19, under the symbol ETHC, furthering its aim to become the central business and investment hub for the Ethereum ecosystem.

“We are proud to launch on the public markets and begin executing our business plan to initially invest in Ethereum’s native utility token ‘Ether’ as a strategic asset and then subsequently identify strategic acquisitions in Ethereum based businesses,” said Som Seif, executive chairman and co-chief investment officer of Ether Capital, in a statement. “We are excited to provide investors with the opportunity to invest in one of the foundational building blocks of the blockchain space. To help drive this industry-shifting disruptive technology, it is important to have an innovative partner in the public markets. We are pleased to work with NEO as we bridge the gap with the financial industry. ”

Michael H. Conn, Ether Capital’s CEO, said tha, as a publicly traded company, Ether Capital will have the liquidity and transparency necessary to maintain the permanent source of capital to fuel growth, stating:

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“As we prepare to implement our strategic vision as a regulated entity, we know that coupled with the unique insights of our leadership in financial services and blockchain technology, we will benefit from NEO’s expansive investor reach programs and liquidity provision services,” Conn said.

Investors can trade shares of Ether Capital through their usual investment channels, including discount brokerage platforms and full-service dealers, a statement said.

“We are exceptionally happy to launch Ether Capital as a publicly-listed company on NEO,” said Jos Schmitt, president and CEO, NEO, in a statement. “Ethereum is poised to become the backbone of Web 3.0. We look forward to enabling Ether Capital as they seize this opportunity to transform how companies do business.”

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