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TORONTO, May 26, 2022
/CNW/ - FRNT Financial Inc. (TSXV: FRNT) (FSE: XZ3) ("FRNT" or the
"Company"); a next generation institutional capital markets
platform offering various trading and advisory services within
cryptocurrency, is pleased to announce that FRNT Asset Management
Inc. ("FRNT AM"), a wholly-owned subsidiary of the Company has been
granted registration as a "Portfolio Manager" under the provisions
of the Securities Act (Ontario).
FRNT AM was formed in an effort to accommodate growing demand
from prospective clients to lend FRNT's expertise in building
cryptocurrency and other portfolios for established asset managers.
The firm takes a unique perspective in digital assets with many
strategies targeting arbitrage and market inefficiencies. Beyond
arbitrage mandates, FRNT AM aims to help clients in building
passive cryptocurrency mandates and other strategies such as
momentum.
In addition to the sub-advisory mandate, FRNT AM is focused on
providing asset manager clients with a full product suite of
services aiding in the adoption of digital assets and creating the
bridge from traditional finance. These services will include
in-house fund management, consulting and advisory services and
access to the firm's industry leading data and research. All
services will be guided with the same principal of educating
clients in accessing the digital asset space in a risk-managed and
structured approach.
"FRNT Asset Management reinforces our commitment to strengthen
our leadership position in crypto and digital assets, not only in
Canada, but globally," said
Stéphane Ouellette, CEO and Co-Founder of the Company. "Our
offering of institutional products will allow clients in both the
financial and crypto-native worlds to gain exposure to digital
assets in a sophisticated and secure way. Regulation has always
been the backbone of our Company, and our offering has been
designed to meet OSC standards adhering to the strictest investor
protection laws."
About FRNT Financial
Inc.
FRNT Financial is a next generation institutional capital
markets platform offering various trading and advisory services
within cryptocurrency and emerging asset classes. The Company
intends to present a new set of opportunities targeted to permitted
clients and institutional investors while maintaining a lean,
technology-forward operation. FRNT is focused on delivering
expertise and products to institutional clients that allow them to
effectively access alternative cryptocurrency opportunities. The
Company was founded in 2018 and is led by CEO Stéphane Ouellette,
headquartered in Toronto,
Ontario.
https://www.frnt.io
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Cautionary Note Regarding
Forward-Looking Information
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable law.
Generally, forward-looking statements and forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". All forward-looking
statements and forward-looking information are based on reasonable
assumptions that have been made by the Company as at the date of
such information. Forward-looking statements and forward-looking
information are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements and forward-looking information,
including but not limited to: the general risks associated with the
speculative nature of the Company's business, current global
financial conditions, uncertainty of additional capital, price
volatility, no history of earnings, government regulation in the
industries in which the Company operates, political and economic
risk, absence of public trading market, arbitrary offering price,
dilution to Common Shares, dependence on key personnel, currency
fluctuations, insurance and uninsured risks, competition, legal
proceedings, conflicts of interest and lack of dividends. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements and forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements or information. Accordingly, readers should not place
undue reliance on forward-looking statements or forward-looking
information. The Company does not undertake to update any
forward-looking statement or forward-looking information that is
included herein, except in accordance with applicable securities
laws.
SOURCE FRNT Financial Inc.