FRNT Financial Provides Update on Treasury Holdings with Positive Trading Performance
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TORONTO, July 28, 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, provides an update on the Company's treasury holdings. The Company is pleased to announce a positive investment month in June, adding to already positive performance for 2022.
Stéphane Ouellette, CEO & Co-Founder of FRNT Financial said: "For the majority of 2022, crypto has turned into a minefield of counterparty risk with few managing to escape unscathed. FRNT's arbitrage-focused investments have been able to side-step these collapses to date via both qualitative and quantitative risk management techniques. From a qualitative standpoint, FRNT and its investment partners had been vocal on the myriad of risks the nascent Decentralized Financial Application ecosystem held for investors (security, regulatory and structural) and neither FRNT nor its investment partners have interacted with those platforms materially. Our investment thesis attempts to avoid chasing returns with likely hidden risks and favors strategies to preserve capital through uncertain periods for deployment when genuine opportunities present themselves. From a quantitative perspective, FRNT and its partners require significant disclosures and proprietary operational review before engaging with a third party. While we remain cautious of the difficult crypto environment, we believe the recent market stress tests have validated these methods thus far."
FRNT Financial 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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: Jackie Kelly, [email protected], 416-301-2949
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