FRNT Financial Confirms No Direct And Material Exposure to FTX or Alameda
November 15 2022 - 10:09AM
PR Newswire (Canada)
TORONTO, Nov. 15,
2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTC:
FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an institutional
capital markets and advisory platform focused on digital assets,
announces it has not been materially impacted by the FTX and
Alameda bankruptcies and
unwinds.The company has no direct exposure to FTX, Alameda or any of its subsidiaries. FRNT's
treasury is experiencing volatility in line with historical
precedent and the company's financial standing has not been
materially impacted in November.
About FRNT Financial Inc.
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.
SOURCE FRNT Financial Inc.
Copyright 2022 Canada NewsWire
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