Fineqia's EEA Unit Receives Approval of Base
Prospectus for Issuing Exchange Traded Notes (ETNs)
London, United Kingdom - Mar. 28, 2023 --
InvestorsHub NewsWire -- Fineqia International Inc.
(the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is pleased to announce
that its subsidiary, Fineqia AG, has received approval of its base
prospectus by the Liechtenstein Financial Market Authority (FMA) to
offer Exchange Traded Notes (ETNs) collateralized by digital
assets.
Fineqia
AG is domiciled in Liechtenstein, which is a member of the European
Economic Area (EEA). The EEA includes EU countries as well as
Iceland, Liechtenstein, and Norway. It allows these countries to be
part of the EU's single market. Fineqia AG's base prospectus
complies with the European Union's (EU) passport directive.
The
base prospectus was approved on Mar. 23 pursuant to the EU's
Prospectus Regulation (EU) 2017/1129, for offering in the following
EU member states: Austria, Belgium, Cyprus, Czech Republic,
Germany, Denmark, Estonia, Finland, France, Greece, Ireland, Italy,
Lithuania, Malta, Netherlands, Norway, Portugal, Poland, Slovenia,
Spain, and Slovakia.
"The
FMA's approval of the base prospectus will allow us to provide new
investment products and furthers our objective to bring innovation
to the digital asset industry," said Fineqia's CEO Bundeep Singh
Rangar. "The approval process was rigorous, and we're pleased to
have met the regulator's criteria for the approval of a base
prospectus."
Fineqia
AG's base prospectus outlines underlying digital assets including
fungible tokens such as Bitcoin, Ethereum, Cardano, Polkadot,
Uniswap, Stellar and Tezos, as well as non-fungible tokens
(NFTs).
Exchange Traded Products (ETPs) are an overall category that can
include Exchange Traded Funds (ETFs) and Exchange Traded Notes
(ETNs), each of which require specific approval.
Liechtenstein has been selected as a jurisdiction by other ETP
issuers including Germany's DDA ETP AG (formerly Iconic Holdings),
Guernsey-based DMAP PCC and SA1 Issuer Limited, Switzerland-based
Bitcoin Capital AG and Pando Asset AG, and the
Liechtenstein-domiciled VanEck ETP AG.
Fineqia's research revealed that ETPs with underlying crypto assets
worldwide had a 1% increase in assets
under management in February reaching $28 billion, as
the crypto market value increased by 1.5% during the same
month.
Fineqia
International Inc. had announced the establishment of its wholly
owned subsidiary, Fineqia AG, in Liechtenstein on Nov. 2, 2022.
Notification of the base prospectus approval can be viewed at the
FMA's website at https://www.fma-li.li/en/.
About Fineqia International
Inc.
Fineqia
(www.fineqia.com) is a digital asset business that
builds and targets investments in early and growth stage technology
companies that will be part of the next generation of the Internet.
It also provides a platform to support and manage the issuance of
debt securities in the UK. Publicly listed in Canada (CSE: FNQ)
with offices in Vancouver and London, Fineqia's portfolio of
investments includes businesses at the forefront of tokenization,
blockchain technology, NFTs, and fintech.
FORWARD-LOOKING
STATEMENTS AND DISCLAIMER
Some statements
in this release may contain forward-looking information (as defined
under applicable Canadian securities laws) ("forward-looking
statements"). All statements, other than of historical fact, that
address activities, events or developments that Fineqia (the
"Company") believes, expects or anticipates will or may occur in
the future (including, without limitation, statements regarding
potential acquisitions and financings) are forward-looking
statements. Forward-looking statements are generally identifiable
by use of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. Forward-looking statements are subject
to a number of risks and uncertainties, many of which are beyond
the Company's ability to control or predict, that may cause the
actual results of the Company to differ materially from those
discussed in the forward-looking statements. Factors that could
cause actual results or events to differ materially from current
expectations include, among other things, without limitation, the
failure to obtain sufficient financing, and other risks disclosed
in the Company's public disclosure record on file with the relevant
securities regulatory authorities. Any forward-looking statement
speaks only as of the date on which it is made except as may be
required by applicable securities laws. The Company disclaims any
intent or obligation to update any forward-looking statement except
to the extent required by applicable securities laws.
This communication is a not
a marketing communication within the meaning of the Delegated
Regulation (EU) 2017/565 and an advertisement within the meaning of
Regulation (EU) 2017/1129. This communication is also neither (i)
an offer to buy or sell, or a solicitation of an offer to purchase
nor (ii) a financial analysis, investment advice or a
recommendation.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
Katarina
Kupcikova, Analyst
E.
katarina.kupcikova@fineqia.com
T.
+44 7806 730 769
Media Contact
Angus
Campbell
Nominis
Advisory
angus@nominis.co
