Blockchain Foundry, a blockchain technology development group created by the founders of Syscoin (SYS), has made significant strides over the past week to expand its partnership network and investor exposure, culminating with the announcement of its listing on the United States OTCBB market and the Frankfurt Stock Exchange.
— Syscoin (@syscoin) August 21, 2018
According to the announcements, Blockchain Foundry began trading under the ticker of BLFDF in the OTCBB market on August 21 and 8BF in the Frankfurt Stock Exchange on August 14. The company’s common shares are also currently trading on the Canadian Securities Exchange (“CSE”) under the ticker symbol BCFN.
In a statement made accompanying the company’s listing on the Frankfurt Stock Exchange, Dan Wasyluk, CEO of Blockchain Foundry, emphasized the importance of gaining access to European investors.
Our listing on the Frankfurt Stock Exchange will bolster BCF’s international profile and enable knowledgeable European investors to participate in the Company’s growth and development. BCF has many exciting initiatives in the pipeline which we look forward to rolling out to our European and domestic investor communities alike.
These public listings came within days of several other major announcements by the company, including a pre-solution design and ICO consulting agreement with Global CPQ, a US-base company developing a next-generation crypto-compatible Blockchain Configure Price Quote (CPQ) and Pricing Intelligence solution, and a pre-solution design agreement with DigitalRez, a British Columbia-based company developing the first blockchain and cryptocurrency enabled property management and reservation platform.
These partnerships will leverage the technology and know-how of the Syscoin blockchain project to provide customized solutions for each company.
The string of news comes a little over a month after Blockchain Foundry announced the release of the Blockmarket Desktop 3.0, the latest version of its decentralized e-commerce marketplace developed on the Syscoin blockchain. With the release, the Blockmarket offers a number of new features, including an “easy-to-use blockchain-based asset creation portal, simplifying the difficult and time-consuming token creation process.” This builds on the platform that allows the trading of goods and services using hardened smart-contracts built on the Syscoin Protocol.
Blockchain Foundry was one of the first major blockchain companies to be publicly listed, but a few other companies have followed a similar path. One such example is Mike Novogratz’s cryptocurrency focused merchant bank, Galaxy Digital LP (GLXY), officially opened for trading on Canada’s TSX Venture Exchange in late July.
These early trailblazers should help institutional investors and analysts better understand blockchain technology, providing a clearer path for future companies focused on crypto to list on the global capital markets.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.