OTC Markets Group Welcomes Osprey BNB Chain Trust to OTCQX

Rhea-AI Summary

OTC Markets Group has announced that Osprey BNB Chain Trust (OTCQX: OBNB), previously privately-held, has qualified to trade on the OTCQX® Best Market. The trust provides exposure to BNB, the native token of the BNB Chain ecosystem.

Trading on the OTCQX Market provides companies with cost-effective access to U.S. capital markets, with streamlined requirements designed to reduce complexity while maintaining transparency. Companies must meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance to qualify.

Positive

• Uplisting to OTCQX Best Market from private status
• Access to broader U.S. investor base through public trading
• Enhanced visibility and liquidity potential through OTCQX platform

Negative

• None.

NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, announces Osprey BNB Chain Trust (OTCQX: OBNB), provides a simple and secure exposure to BNB, the native token of the BNB Chain ecosystem, has qualified to trade on the OTCQX® Best Market. Osprey BNB Chain Trust was previously privately-held.

Osprey BNB Chain Trust trades on OTCQX under the symbol “OBNB.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Osprey BNB Chain Trust
The Osprey BNB Chain Trust offers simple and secure exposure to BNB, the native token of the BNB Chain ecosystem.

The BNB Chain is an innovative network for fast, secure, and affordable DeFi and dApps. BNB, the native token of BNB Chain, links with other networks and is designed for interoperability, smart contracts, and more.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

When did Osprey BNB Chain Trust (OBNB) begin trading on OTCQX?

Osprey BNB Chain Trust began trading on the OTCQX Best Market on December 18, 2024, under the symbol OBNB.

What are the requirements for Osprey BNB Chain Trust to maintain OTCQX listing?

To maintain OTCQX listing, the company must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

What does Osprey BNB Chain Trust's OTCQX listing mean for investors?

The OTCQX listing provides U.S. investors with access to transparent trading, real-time Level 2 quotes, and current financial disclosures through www.otcmarkets.com.

What is the primary investment focus of Osprey BNB Chain Trust (OBNB)?

Osprey BNB Chain Trust provides simple and secure exposure to BNB, the native token of the BNB Chain ecosystem.