Fineqia International Inc Stock Price, News & Analysis

Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced on April 21, 2023, a collaboration with FTSE Russell, a renowned global index provider. This relationship will enable Fineqia to leverage FTSE Russell's extensive indexing and analytics capabilities, significantly enhancing the transparency, liquidity, and accessibility of its Exchange Traded Products (ETPs). Michael Coletta, Fineqia's Chief Strategy Officer, emphasized the alignment with FTSE Russell's commitment to innovation and governance standards. The strategic partnership aims to position Fineqia as a leader in institutional-quality investment solutions by employing FTSE Russell indices, which currently benchmark approximately $16 trillion globally. The binding agreement was officially signed on April 21, 2023.

On April 13, 2023, Fineqia International (CSE: FNQ; OTC: FNQQF) appointed Independent Trading Group (ITG) as its market maker on the Canadian Securities Exchange (CSE). This strategic move aims to enhance trading liquidity and execution for Fineqia’s shares. ITG, a prominent Canadian trading firm, will facilitate the buying and selling of shares, contributing to a fair market environment.

CEO Bundeep Singh Rangar expressed optimism about ITG's expertise, which is expected to improve investor trading experiences. The contract with ITG is for an initial three-month period, automatically extended monthly by mutual agreement.

Fineqia International Inc. reported a significant 67% increase in Assets Under Management (AUM) for digital currency Exchange Traded Products (ETPs) in Q1 2023, reaching $33.3 billion, up from $20 billion. This growth coincided with a 50% rise in the overall cryptocurrency market value, which surged to $1.19 trillion from $800 billion. Major contributors to this increase were Bitcoin and Ethereum, with prices rising 71% and 52%, respectively. The company noted strong investor interest and net inflows into digital asset ETPs, with a 17% month-over-month increase in AUM in March. Notably, ETPs holding Bitcoin and Ethereum accounted for 93% of total digital asset AUM. Fineqia's analysis tracked 160 ETPs during the quarter, reflecting positive momentum in the cryptocurrency market.

Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) announced that its subsidiary, Fineqia AG, received approval from the Liechtenstein Financial Market Authority (FMA) for its base prospectus. This approval enables the offering of Exchange Traded Notes (ETNs) collateralized by digital assets, contributing to innovation in the digital asset industry. The base prospectus, approved on March 23, 2023, complies with the EU's Prospectus Regulation and allows offerings in multiple EU member states. Underlying digital assets include Bitcoin, Ethereum, and various fungible and non-fungible tokens (NFTs). This move enhances Fineqia's investment product offerings.

Fineqia International Inc. (FNQQF) has announced its partnership with Paris Blockchain Week, which commenced on March 20, 2023. This collaboration aims to enhance the acceptance and expansion of blockchain technology. Fineqia will participate actively in the four-day event, featuring discussions on the latest trends and challenges in blockchain and Web 3.0. CEO Bundeep Singh Rangar emphasized the transformative potential of blockchain in revolutionizing traditional finance. This partnership aligns with Fineqia's mission to unlock digital assets' potential and expand its global network within the blockchain technology sector.

Fineqia International's analysis of global cryptocurrency Exchange Traded Products (ETPs) reveals a 1% increase in Assets Under Management (AUM), reaching $28 billion in February. The overall cryptocurrency market cap also grew, closing at $1.07 trillion. Despite a year-on-year decrease of 37% compared to March 2022, ETPs holding Bitcoin and Ethereum saw AUM growth of 1% and 2.5%, respectively. The number of ETPs listed declined from 164 to 155. The price of Bitcoin rose to $23,500, while Ethereum increased to nearly $1,650. Fineqia's CEO noted a stabilization in ETPs following a tumultuous previous year.