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Blockchain Foundry (CSE:BCFN) has announced it has begun trading on the OTCBB market under ticker symbol “BLFDF.” As quoted in the press release: BCF is also in the process of applying for eligibility for book-entry delivery and depository services of the Depository Trust Company (“DTC”), to facilitate electronic settlement of transfers of its common shares …
Blockchain Foundry (CSE:BCFN) has announced it has begun trading on the OTCBB market under ticker symbol “BLFDF.”
As quoted in the press release:
BCF is also in the process of applying for eligibility for book-entry delivery and depository services of the Depository Trust Company (“DTC”), to facilitate electronic settlement of transfers of its common shares in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash and accelerates the settlement process for investors. DTC eligibility will help enhance the Company’s potential investor base and offer a more convenient trading experience for current and future shareholders.
DTC is a subsidiary of the Depository Trust and Clearing Corporation (“DTCC”) and manages the electronic clearing and settlement of securities of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. BCF will provide confirmation when and if DTC eligibility has been granted for its common shares.