Creatd Announces Application for Dual Listing on Blockchain-Powered Securities Exchange, Upstream
Creatd, Inc. (OTCQB: CRTD) has initiated the application process for a dual-listing on Upstream, a global exchange for digital securities and NFTs. This strategic move aims to enhance liquidity and attract a worldwide investor base, allowing trades in USDC and traditional currencies. CEO Jeremy Frommer emphasized that this endeavor seeks to realize Creatd's stock value and pave the way for potential future opportunities, including the spin-off of monetizable assets. Listing approval is pending from MERJ.
- Initiation of dual-listing application on Upstream to enhance liquidity.
- Access to a global investor base utilizing digital and traditional currencies.
- Potential to unlock true stock value and explore new revenue-generating opportunities.
- None.
NEW YORK, Nov. 7, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company," a creator-first company, today announced that it has begun the application process to dual-list its shares on Upstream, the premier global exchange and trading app for digital securities and NFTs powered by Horizon Fintex ("Horizon") and MERJ Exchange Limited ("MERJ").
The Company's proposed listing on Upstream is expected to facilitate access to a global, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in Creatd ahead of its anticipated application to re-list on a national exchange.
Commenting on the dual-listing strategy, Jeremy Frommer, CEO of Creatd, said, "Upholding transparency is what will drive the next stage of evolution in the public markets. Upstream is uniquely leading this charge by combining the best available technology with enforcement practices that together work to protect and empower issuer and investor alike. We are pursuing Creatd's dual-listing as part of a broader effort to realize the true value of our stock. Looking ahead, we are enthusiastic about the other potential opportunities to leverage Upstream, including its potential utility for the proposed spin-off of our OG Collection media library and other monetizable assets."
Approval to be listed on Upstream is subject to approval by MERJ.
This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Upstream, a MERJ Exchange Market (MERJ Exchange), is a fully regulated global stock exchange for digital securities and NFTs. Powered by Horizon's Ethereum-L2 matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange.
Creatd, Inc. (OTCQB CM: CRTD) is a company dedicated to unlocking creativity for creators, brands, and consumers. We accomplish this through Creatd's four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.
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