Skip to main content
NewslettersWatchlist

DOW Composite [Test](COMP)
INDEX/DJ

Today's Change
Delayed Last Update

Dual-Listed Blockchain Solution Company Up on New Investment

AllPennyStocks.com - AllPennyStocks.com - Thu Feb 22, 11:10AM CST

Shares of this blockchain solution company are on the move following a commitment to establish an independent digital asset custody solution for institutional clients. DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) is a vertically integrated blockchain and data center technology company. The firm announced in a press release today that it has committed CAD $3.5 million to establish a Calgary, Alberta-based independent digital asset custody solution for institutional clients. 

As an environmentally friendly, vertically integrated blockchain and data center company, DMG manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. Their sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.

The firm’s strategy involves advancing broader digital asset adoption by building credibility and trust in cryptocurrency and digital assets for investors, bringing together secure institutional wallet solutions, strong insurance policies, rigorous risk management practices, best-in-class off-exchange liquidity, as well as innovative OFAC-compliant and carbon neutral blockchain solutions to meet institutional demand. Shares were trading up in late-morning trade.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

More from The Globe

u.s. business
U.S. Federal Reserve in holding pattern as inflation delays approach to any soft landing
FILE PHOTO: Storm clouds gather over the U.S. Federal Reserve Building before an evening thunderstorm in Washington June 9, 2006. REUTERS/Jim Bourg/File Photo
international business
Oil dips on Israel-Hamas peace talks, slim near-term U.S. rate cut hopes
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
market news
Premarket: TSX futures indicate upbeat open as metal prices gain
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. REUTERS/Brendan McDermid
report on business
Former Horizons CEO re-emerges in ETF industry
Steve Hawkins, President and CEO of Horizons ETFs Management (Canada), is photographed at the company's Toronto office on Oct 29 2020.
international business
Warren Buffett’s real estate brokerage reaches US$250-million antitrust settlement
FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb., May 7, 2018. The Glide Foundation homeless charity that received $53 million over the years from investors who wanted a private lunch with Buffett has announced a new auction meal with Salesforce CEO Marc Benioff it said Tuesday, April 9, 2024, (AP Photo/Nati Harnik, File)
globe investor
Investors brace for 5% Treasury yields as U.S. inflation concerns mount
The US flag is seen at the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. - Wall Street stocks opened lower Thursday following another spike of jobless claims in the wake of coronavirus shutdowns, offsetting strong results from tech giants. Another 3.84 million US workers filed for unemployment benefits last week and the total has now passed 30 million in six weeks, according to the Labor Department data. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
u.s. business
U.S. Federal Reserve’s preferred inflation gauge shows price pressures stayed elevated in March
FILE PHOTO: People ride on the elevator as shoppers show up early for the Black Friday sales at the King of Prussia shopping mall in King of Prussia, Pennsylvania, U.S. November 26, 2021. REUTERS/Rachel Wisniewski/File Photo
market news
The close: Major North American indexes rise as megacap tech stocks rally
A trader works on the floor at the New York Stock Exchange (NYSE) on April 25.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2024.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).