FRNT Financial Announces Formation of UK Subsidiary FRNT Financial UK Inc Ltd, Submits To FCA For Registration Amid The Firm's Global Expansion
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TORONTO, Sept. 29, 2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTCQB: FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an institutional capital markets and advisory platform focused on digital assets, is pleased to announce the formation of its wholly owned UK subsidiary, FRNT Financial UK Inc. Limited ("FRNT UK") which has recently submitted to the FCA for registration. During the last months the FRNT team has worked diligently with its regulatory counsel in the UK in order to submit to the FCA to act as a market in financial instruments directive ("MiFID") advisor and arranger. In carrying out this objective, FRNT UK will seek to provide its services as an introducer to the Company's industry leading technology and trading infrastructure.
FRNT CEO Stéphane Ouellette notes: 'Demand for our services has given FRNT a clear mandate to expand globally. Broadening our distribution network was a key component of our post-IPO plan. Further, we see institutional crypto services as under addressed in the UK and neighbouring regions. FRNT believes it has a great opportunity to be an additional service providers in some fields and then break new ground with business lines such as our structured products and advisory offerings.'
FRNT is an institutional capital markets and advisory platform focused on digital assets. FRNT, through a technology-forward and compliant operation, aims to bridge the worlds of traditional and web-based finance. Partnering with both financial institutions and crypto native firms, FRNT operates 5 synergistic business lines including deliverable trading services, institutional structured derivative products, merchant banking, advisory and consulting, and principal investments & trading. Co-founded in 2018 by CEO Stéphane Ouellette, FRNT is a global firm headquartered in Toronto, Canada.
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This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable law. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company as at the date of such information. Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements and forward-looking information, including but not limited to: the general risks associated with the speculative nature of the Company's business, current global financial conditions, uncertainty of additional capital, price volatility, no history of earnings, government regulation in the industries in which the Company operates, political and economic risk, absence of public trading market, arbitrary offering price, dilution to the Company's common shares, dependence on key personnel, currency fluctuations, insurance and uninsured risks, competition, legal proceedings, conflicts of interest and lack of dividends. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. The Company does not undertake to update any forward-looking statement or forward-looking information that is included herein, except in accordance with applicable securities laws.
SOURCE FRNT Financial Inc.
Investor Relations, [email protected], 473-396-4627
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