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NSAV will become the second cryptocurrency firm to be publicly traded and listed in the United States.
Net Savings Link Inc (OTC: NSAV), a cryptocurrency, blockchain, and digital asset technology company, has announced plans to go public through an IPO in the United States. According to the firm through a press release, the date for the IPO has been set to happen on August 9, 2021. Consequently, NSAV will become the second cryptocurrency firm to be publicly traded and listed through the United States.
Notably, the firm is venturing into a trillion-dollar industry that is said to be in the early stages of adoption. Moreover, there has been a notable proliferation of hedge fund managers and other institutional investors into the cryptocurrency industry, particularly the decentralized financial ecosystem alias DeFi.
“We are truly pleased to be right on schedule for the launch of our very own Cryptocurrency Exchange. This is a historic moment in the annals of NSAV and a special thank you goes out to all of our loyal shareholders, who have supported us throughout the years,” the company noted in a statement through the press release.
While cryptocurrency and blockchain technology have become a major aspect of the global economy. Emerging crypto companies are expected to play a key role in facilitating recovery. Moreover, there is a gap to be filled in the cryptocurrency industry to help more institutions onboard the market seamlessly.
“NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industrie,” the management noted.
As time passes by, NSAV anticipates venturing into different sectors including software solutions, e-commerce industry, advisory services, information technology sector, and the financial services industry.
NSAV Public Entry
NSAV anticipates entering the public market in such a time when the market is trapped in a bear market. Moreso in a time when global governments are looking to regulate the crypto industry and build more on blockchain technology.
Coinbase Global Inc (NASDAQ: COIN) went public through a direct listing a few months ago. However, its shares have since dropped and its market valuation slashed by half. However, long-term investors and stock market holders are anticipating a major bull market in the foreseeable future.
As a result, NSAV going public at such a time is strategic in all means as investors will get a chance to invest early before the next bull market.