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Fineqia International Inc. (CSE: FNQ) (OTC Pink: FNQQF) (FSE: FNQA) is a digital asset and fintech investment business that targets investments in early and growth-stage technology companies at the forefront of the Internet's next generation. The company recently received authorization from the Vienna Stock Exchange to list Exchange Traded Notes (ETNs) with digital assets as collateral, positioning itself as a key player in Europe. Fineqia has partnered with global index provider FTSE Russell, establishing its position in the market. Led by CEO Bundeep Singh Rangar, the company continues to drive innovation in the digital asset space.
Fineqia International's analysis of global cryptocurrency Exchange Traded Products (ETPs) reveals a 1% increase in Assets Under Management (AUM), reaching
On March 8, 2023, Fineqia International Inc. (CSE: FNQ) appointed James Bowater to its advisory board. Bowater, founder and editor at large of Crypto AM, brings extensive expertise in the digital asset sector. His role aims to guide Fineqia's strategic direction in blockchain and digital asset developments. The CEO, Bundeep Singh Rangar, emphasized the importance of Bowater's knowledge and network for future opportunities. Bowater was recognized as Blockchain Advisor of the Year 2022 at the AIBC awards in Malta. This addition to the advisory board positions Fineqia for potential growth in the evolving digital landscape.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has appointed James Bowater to its advisory board, enhancing its expertise in the digital asset and blockchain sectors. Bowater, founder of Crypto AM and Jade Vault, will guide Fineqia's strategic direction in early-stage digital developments.
CEO Bundeep Singh Rangar expressed enthusiasm about Bowater's extensive network and knowledge, highlighting its potential impact on identifying high-quality opportunities. Bowater was recognized as Blockchain Advisor of the Year 2022 at the AIBC awards in Malta, indicating his significant influence in the industry.
Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) announced its sponsorship of the digital collectible auction 'From Ukraine with Love' on February 27, 2023, at 18:30 GMT. The event aims to support CARE International's Ukraine appeal, providing humanitarian aid to affected individuals. Hosted at The NFT Gallery in London, the auction features works by Ukrainian artist Oleg Mischenko and British politician Matt Hancock. Bidding opens on Coinbase Marketplace at 19:30 GMT and concludes at 21:30 GMT. This initiative follows Fineqia's previous support for similar charitable auctions, emphasizing its commitment to humanitarian causes.
Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) reported a 50% increase in the number of Exchange Traded Products (ETPs) linked to cryptocurrencies, rising from 109 in January 2022 to 162 by December 2022. Despite this growth, the Assets Under Management (AUM) plummeted by 66%, from $58.5 billion to $20 billion, paralleling a 64% decline in cryptocurrency market values. December 2022 alone saw a 5% drop in ETP AUM. The report suggests sustained investor interest in ETPs amid bearish market conditions, although significant price falls in Bitcoin and Ethereum (65% and 68%, respectively) reflect a challenging environment.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has successfully closed its final tranche of a non-brokered private placement, raising a total of $4,824,605.90 along with debt conversion amounting to $506,975. The total raised through the offering has reached $5 million, surpassing the initial target. Funds will be used to reduce debt and enhance working capital. Notably, the offering included significant investors, including the Wavemaker Genesis Master Fund Ltd. The company reported related party transactions in this offering, which comply with MI 61-101 regulations.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced the closing of the third tranche of its non-brokered private placement, raising C$431,856.90 through the issuance of 43,185,690 units. Cumulatively, the offering has garnered gross proceeds of C$4,756,105.90, following an increase in the offering size to C$5 million. Each unit consists of a common share and a warrant exercisable at C$0.05 for three years. The proceeds will enhance working capital, while units issued to directors are classified as related party transactions.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) reported a significant increase in its investment value in IDEO CoLab Distributed Web Offshore Fund 1 LP, seeing a 7x rise as of March 31, 2022. The investment, made in August 2019, constitutes less than 3% of Fineqia's market capitalization. The Fund is associated with renowned companies like IDEO and Coinbase, and has invested in 41 blockchain startups. Fineqia's strategy focuses on blockchain-based financial solutions and has no exposure to FTX or Alameda Research.
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