Welcome to our dedicated page for Fineqia International news (Ticker: FNQQF), a resource for investors and traders seeking the latest updates and insights on Fineqia International stock.
Fineqia International Inc. (OTC: FNQQF) regularly issues news and updates about its activities in blockchain-based decentralised finance (DeFi) and digital asset investment products. As a digital asset and investment business publicly listed in Canada (CSE: FNQ) with quoted symbols on Nasdaq (OTC: FNQQF) and Frankfurt (FNQA), the company uses its news flow to describe product launches, partnerships, and corporate developments connected to its crypto-backed exchange-traded instruments.
News about Fineqia often covers the rollout and performance of its exchange-traded products, such as the Fineqia FTSE Cardano Enhanced Yield ETN (Ticker: YADA; ISIN: LI1408648106) and the Fineqia Bitcoin Yield ETP (Ticker: YBTC; ISIN: LI1444931821). Announcements have highlighted milestones like the issuance of YBTC, its listing on the Vienna Stock Exchange, and cross-listings on Euronext venues in Amsterdam and Paris, as well as updates on assets under management linked to these products.
Company releases also describe strategic partnerships that underpin Fineqia’s platform, including agreements with Apex Group for administration, Quirin Privatbank AG as paying agent for ETNs, and Psalion Operations Limited as investment advisor for yield-oriented crypto ETPs. Additional news items may address corporate governance events such as annual general meeting results and advisory board appointments related to digital asset expertise.
Investors and observers following Fineqia’s news can expect coverage focused on DeFi-based yield products, tokenisation-related investments, exchange listings, and operational collaborations. This news stream provides context on how the company positions itself within regulated digital asset markets and how its ETP and ETN offerings evolve over time.
Global Exchange Traded Products (ETPs) with underlying digital assets reached a new all-time high of $100.5 billion in October 2024, marking a 13.2% increase from September. The total digital asset market value grew by 8.9% to $2.54 trillion. Bitcoin (BTC) ETPs saw their AUM grow by 15.4% to $83.2 billion, while Ethereum (ETH) ETPs increased by 1.4% to $10.3 billion despite a 3.5% price decrease in ETH. Year-to-date, ETPs' AUM rose by 102.9%, significantly outpacing the underlying crypto assets growth, largely due to Bitcoin Spot ETFs which accumulated net inflows of approximately $24.2 billion since their January launch.
Fineqia International has successfully closed its non-brokered private placement, raising $2.1 million, exceeding its initial target of $1.5 million by 40%. The company issued 210,274,600 Units at $0.01 each, comprising one common share and one share purchase warrant exercisable for three years at $0.05 per Unit. The offering generated $1,926,734.89 in gross proceeds and converted $171,111.11 in external debt. The proceeds will be used to enhance the company's working capital. The company maintains the option to accelerate warrant expiry if share prices maintain $0.10 or higher for 20 consecutive trading days.
Fineqia International (CSE: FNQ) (OTC: FNQQF) has announced plans to close its non-brokered private placement on October 31, 2024. The offering consists of units comprising one common share and one warrant, with each warrant exercisable for three years at $0.05 per share. The placement aims to raise C$1.5 million through issuing 150,000,000 units. The company can accelerate the warrant expiry if shares trade at or above $0.10 for 20 consecutive trading days. The offering includes participation from company directors and officers under MI 61-101 exemptions.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA) has reported a 75% increase in revenue for the third quarter of 2024. The company's revenue grew from $121,348 in Q2 to $212,353 in Q3, driven by its consulting services in blockchain technologies and tokenisation. CFO Warren Sergeant attributed this growth to increasing demand for their advisory expertise in decentralized finance (DeFi) and tokenization.
Fineqia is expanding its focus on the tokenization of real-world assets (RWAs), including real estate, private credit, and insurance products. This initiative aims to enhance liquidity, improve transparency, and increase accessibility of these assets in the financial ecosystem. The company incurred expenses of $220,800 during the third quarter, which spans from July to September 2024.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) reports that global Exchange Traded Products (ETPs) with underlying digital assets saw a 79% increase in Assets Under Management (AUM) year-to-date, reaching $88.8 billion in September. This growth outpaced the underlying digital assets' market value increase by 150%.
Key highlights:
- ETPs' AUM rose 6% from August to September
- Digital assets market value grew 11.3% in September
- BTC Spot ETFs saw cumulative net inflows of $18.9 billion since January
- Alternative coin and cryptocurrency basket ETPs showed positive momentum in Q3
- Bitcoin ETPs' AUM surged 102% year-to-date
- Ethereum ETPs experienced outflows, but showed signs of potential reversal
The analysis covers 219 tracked ETPs, including ETFs and ETNs, as of September's end.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) has extended the deadline for its non-brokered private placement to Oct. 31, 2024. The offering aims to raise C$1.5 million through the sale of Units, each consisting of 150,000,000 shares at C$0.01 per share, along with an attached warrant. Each warrant is exercisable for three years at C$0.05 per Common Share. The company may accelerate the expiry date if the closing price trades at or above C$0.10 per share for any 20 consecutive trading days. The private placement, initially announced on July 22, 2024, has received significant interest from qualified investors.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), a digital asset and fintech investment business, has reported its first full quarter of revenue from consulting services. The company generated $121,348 in the second quarter of 2024 by advising corporates on blockchain technologies and tokenisation, with a focus on decentralised financing options in the insurance industry.
Fineqia's CFO, Warren Sergeant, highlighted this milestone as a significant step in their growth strategy. The company plans to expand its consulting services, particularly in the tokenisation of real-world assets (RWAs) such as real estate, private credit, and insurance products. This expansion aims to increase liquidity, transparency, and accessibility in financial markets.
During the same period, Fineqia incurred expenses of $965,799. The company's expertise in DeFi and blockchain technologies positions it to deliver innovative financial solutions for partners and clients.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) has appointed Nicholas Thadaney to its advisory board. Thadaney, founder of Partners Capital Corp., brings extensive experience in financial services, fintech, and digital assets. He recently served on the board of WonderFi Technologies Inc. (WNDR), Canada's largest regulated cryptocurrency marketplace. Previously, he was Head of the Toronto Stock Exchange as President & CEO of Global Equity Capital Markets at TMX Group.
CEO Bundeep Singh Rangar highlighted Thadaney's experience in both traditional finance and digital assets as valuable for building Fineqia's visibility and relationships in Canadian capital markets. Thadaney's appointment is expected to strengthen Fineqia's advisory team, leveraging his expertise in equity listing, trading, and innovation in financial services.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) reports a 69% YTD increase in global digital asset-based Exchange Traded Products (ETPs) Assets Under Management (AUM) to $83.6 billion. This growth outpaces the underlying crypto market cap rise by 3.8 times. Despite a 4% decrease in August, ETPs show resilience with continued inflows, particularly in Bitcoin (BTC) ETPs.
Key highlights:
- BTC-based ETPs grew 90.3% YTD to $67.7 billion
- Ethereum (ETH) ETPs declined 16.9% in August to $9.9 billion
- Total number of ETPs increased by 54 to 216 (33% more than Jan 1)
- US Bitcoin ETFs maintain $17.5 billion in inflows since inception
The report indicates strong global interest in crypto ETPs, with notable growth in Canada, Brazil, and Switzerland.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) reports that global Exchange Traded Products (ETPs) with digital assets as underlying collateral saw a 75% increase in Assets Under Management (AUM) year-to-date, reaching $87 billion. This growth outpaced the underlying digital assets market cap rise of 29% by more than 2.5 times.
In July, despite a 6% drop in the total digital assets market cap, ETPs' AUM decreased by only 0.9%. Bitcoin (BTC) ETPs grew by 2%, while Ethereum (ETH) ETPs declined by 14.8%. The launch of ETH Spot ETFs on July 23rd saw initial outflows, similar to the pattern observed with BTC Spot ETFs launch.
The total number of ETPs increased by 48 to 210 since January, with 16 new ETPs added in July alone, largely due to ETH Spot ETFs launch.