The Canadian corporation Ether Capital (NEO:ETHC), the first publicly traded company focused solely on the Ethereum network, has announced in a press release that their shares will begin trading on Thursday, April 19th.
Ether Capital has completed the process of delisting its common shares from the TSX Venture Exchange (TSXV), and will now be listing its shares for trading on the Aequitas NEO Exchange, starting today.
Som Seif, Executive Chairman and Co-Chief Investment Officer of Ether Capital, said, “The completion of this transaction and commencement of public trading represents a critical step in Ether Capital’s mission. We are excited to provide investors with the opportunity to invest in the first publicly listed company focused solely on the Ethereum ecosystem and to help drive industry-shifting disruptive technologies.”
Boris Wertz, Lead Independent Director of Ether Capital, said, “Through Version One, I’ve had the opportunity to experience first-hand the innovation that blockchain technologies are bringing to a number of industries. The combination of resources and industry-leading expertise that Ether Capital has allows us to be at the forefront of this innovation and capitalize on opportunities in the sector.”
The transition from the TSXV to the NEO exchange has been accompanied by a change in Ether Capital’s corporate leadership structure. The company recently hired Michael Conn, the founder and managing partner of Quail Creek Partners—a fintech/blockchain advisory firm—as their CEO.
Ether Capital has also hired Ben Roberts, the founder and CEO of Citizen Hex—an Ethereum liquidity company—as co-CIO. Scott Bartholomew has been brought on to serve as CFO, and the shareholders have elected an entirely new board of directors.
Once trading begins, Ether Capital will invest the majority of its available financial resources into Ether (ETH) as a strategic asset. The company plans to opportunistically invest approximately 80-90 percent of its available capital into ETH. The details of the firm’s holdings will be disclosed in the “investors” section of their website.
By acquiring large amounts of ETH and Ethereum-based businesses, Ether Capital hopes to become the central hub of business and investment for the Ethereum network. The company views the Ethereum network as “Web 3.0”, a new and improved version of the internet. Ether Capital equates owning ETH with owning the building blocks of this new web.
Source : Coinjournal