TORONTO–(BUSINESS WIRE)–Jan 21, 2021–
NEO is pleased to announce it has granted final approval to Routemaster Capital Inc. (“Routemaster” or the “Company”), a Canadian decentralized finance company, to graduate to the NEO Exchange following a voluntary delisting from the TSX Venture Exchange. Routemaster began trading today on the NEO Exchange under the symbol NEO:DEFI.
Routemaster Capital Inc., a Canadian decentralized finance company, participates in a digital market open to celebrate their launch today on the NEO Exchange. Routemaster Capital is now available for trading under symbol NEO:DEFI. (Photo: Business Wire)
Routemaster, through its recent acquisition of DeFi Holdings, is focused on providing public market investors with access to the rapidly growing decentralized finance space. “ We have seen decentralized finance grow from a concept of just a few million in assets to over $23 billion in locked value, as of today. Decentralized finance protocols are disrupting markets such as lending, derivatives, prediction markets, insurance, and many more, ” commented Olivier Francois Roussy Newton, who co-founded DeFi Holdings with Wouter Witvoet and is an advisor to the Company. “ What makes DeFi so fascinating is the impact it can have on streamlining financial services and reducing transaction costs, thereby allowing for more people to benefit from financial services, ” added Mr. Witvoet, who is also an advisor.
“As the decentralized finance space continues to achieve tremendous growth, the importance of listing on an exchange that can support that growth has become more critical than ever,” remarked Daniyal Baizak, President and CEO of Routemaster. “NEO has proven that it is a proactive and innovative senior stock exchange that is intent on driving change within the industry. We share those values at Routemaster, and are grateful to the NEO team for the exceptional quality of service they provided to us, in preparation for this exciting occasion. This launch is the start of a true partnership, and we look forward to the enhanced trading liquidity and investor exposure that our NEO up-listing entails.”
Investors can trade shares of NEO:DEFI through their usual investment channels, including discount brokerage platforms and full-service dealers.
“The decentralized finance space is growing at an unprecedented rate as more and more investors, bankers, asset managers, and companies across the globe are leveraging DeFI platforms to invest, hedge, lend or borrow,” commented Jos Schmitt, President and CEO of NEO. “Routemaster is emerging as a leader and we are thrilled to be able to welcome them to the NEO family – yet another technology-centric, quality company to graduate to our mainboard stock exchange.”
The NEO Exchange is home to over 100 corporate and ETF listings, and consistently facilitates more than 13 per cent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
NEO Exchange is a progressive stock exchange that brings together investors and capital raisers within a fair, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Routemaster Capital Inc.
Routemaster Capital Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector.
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Copyright Business Wire 2021.
PUB: 01/21/2021 10:27 AM/DISC: 01/21/2021 10:26 AM
Copyright Business Wire 2021.