TORONTO, Sept. 12,
2024 /CNW/ - FRNT Financial Inc. (TSXV: FRNT)
(OTC: FRFLF) (FWB: XZ3) ("FRNT" or the "Company") an
institutional capital markets and advisory platform focused on
digital assets, is pleased to announce that its wholly-owned
subsidiary, FRNT Financial UK Limited ("FRNT UK") has been
granted authorization by the Financial Conduct Authority
("FCA") to operate in the UK. This is a major development in
the firm's international expansion that broadens FRNT's global
regulatory footprint and allows the firm to continue to satisfy the
growing needs of regulated institutional investors operating at the
intersection of traditional regulated finance, digital assets and
other innovative industries.
The registration permits FRNT UK to conduct some of the
following across a variety of products including futures, options,
shares, debentures and Contract for Difference to Eligible
Counterparties and Professional Investors:
- Advise on Investments: FRNT UK is authorized to provide
professional investment advice. The team of institutional sales
experts offers strategic guidance on specialized products and new
markets.
- Arranging Deals in Investments: FRNT UK is authorized to
facilitate investment transactions on behalf of clients, ensuring
efficient and transparent execution across a broad spectrum of
investment deals.
- Making Arrangements with a View to Transactions: FRNT UK
may arrange and coordinate investment-related activities across the
scope of approved products, connecting buyers and sellers.
'This is a very exciting time for our business and
industry,' Said FRNT CEO Stéphane Ouellette, 'As an expanding group
of institutional clients globally look to digital assets and new
markets, we want to meet them on their terms. That means providing
the infrastructure, expertise and regulatory standards that fit
their existing business operations. We are extremely excited to
push forward with an FCA-registered entity and we thank the Agency
for their efforts and support throughout the process.'
Clients and investors are encouraged to review the full details
of FRNT UK permissions on the FCA register
(https://register.fca.org.uk/s/firm?id=001Sk0000065jHFIAY). For
further information, readers are encouraged to reach out to the
Company per the contact information set out below.
About FRNT Financial Inc.
FRNT Financial Inc. is an institutional capital markets and
advisory platform focused on digital assets. FRNT aims to bridge
the worlds of traditional and web-based finance. The Company has
two primary synergistic business segments; capital markets, which
includes spot, derivative and lending origination and advisory,
comprised of consulting, merchant banking and distressed
services.
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, government regulation in the industries in which the
Company operates, political and economic risk, absence of public
trading market, arbitrary offering price, dilution to the Company's
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.
