![]() Earlier this year, Brane announced an industry-first partnership with Computershare Trust Company to provide backup cold storage solution for its institutional clients.īrane Capital is a blockchain innovation company focused on bringing assurance, credibility, and trust to the blockchain economy as a trusted partner in the safekeeping of digital assets for institutional clients. #DMG CANADA ISO#Brane’s leadership team includes experienced executives from finance, technology, and government, including former Bank of New York Mellon Canada CEO Jerome Dwight as President, and Charlie Millar, former Vice President of Content Acquisition at Rogers Communications, as Chief Revenue Officer.īrane’s custody technology is certified ISO 27001, ISO 27017, and NIST CSF Tier 4 – the highest practical level of assurance for information security – for digital assets under custody, with SOC 2 certification in progress by audit firm MNP. The relationship between the companies will not affect Brane’s independence as a custodian, which Brane maintains through strict separation from any cryptocurrency trading operations.īrane currently offers a crypto asset self-custody technology solution for IIROC-regulated securities dealers and is working toward becoming Canada’s first qualified custodian for digital assets. “Working together, Brane and DMG have an opportunity to make Canada a global leader in developing a well-regulated, sustainable blockchain industry that unlocks economic opportunity while protecting all market participants.”ĭMG’s strategic investment in Brane will accelerate the market traction of both companies and facilitate cooperation on development of advanced blockchain technologies, as well as continued progress toward leadership in environmental sustainability. “We are long-time admirers of DMG and its leadership team, so we are thrilled to realize this partnership and welcome Sheldon Bennett to our board of directors,” said Adam Miron, Brane’s Chairman and Interim CEO, and co-founder of HEXO Corp. Dalton McGuinty, Ontario’s 24th Premier and Dave Revell, former EVP and Global CIO of CIBC. ![]() Bennett will join distinguished board members including the Hon. ![]() In May 2021, DMG became one of the first signatories of the Crypto Climate Accord (CCA) to promote the decarbonization of the cryptocurrency industry through emissions reduction and transition to renewable energy sources.Īs a director of Brane, Mr. Bennett brings deep experience in environmental, social, and governance (ESG) strategy to Brane’s board. In addition to world-class blockchain technology expertise, Mr. Bennett will join Brane’s board of directors – bringing over 20 years of management experience in international companies, including PwC, Ernst & Young, Baker & McKenzie, and Cisco Systems. Together with DMG’s strategic investment in Brane, Mr. We are also investigating Brane’s technology for securing the pool payouts that DMG manages via Blockseer, as well,” stated Adrian Glover, DMG’s CTO. We believe Brane’s technology will integrate into our Breeze and Freeze products to accelerate these products time-to-market and revenue sooner than planned. “Brane Vault is the best user experience I’ve seen for a multiple signature wallet, coupled with security best practices, and a technology approach that is native bitcoin to the core. This new partnership will position both companies as setting new standards of excellence in the blockchain sector.” “DMG and Brane share strong commitments to innovation, integrity, and sustainability. ![]() “DMG considers Brane to be a unique and promising company in the global crypto custody space, and we’re excited about the opportunities this investment will achieve for both companies,” said Sheldon Bennett, DMG’s Chief Executive Officer. This investment and partnership with Brane will allow DMG’s custody solutions, under the Blockseer portfolio, to enter the market sooner than anticipated and complement other technology investments DMG is currently planning. DMG is focused on its rapidly developing Core+ strategy. Each whole warrant will entitle DMG to purchase one additional common share of Brane at an exercise price of $0.50 per common share for a period of 24 months.Īs disclosed on DMG’s management call on April 22, 2021, and its recent Q2 earnings call, the Company is executing on its use of proceeds strategy. Each unit is composed of one common share in the capital of the Brane and one half of a common share purchase warrant. (TSX-V: DMGI) (DMGGF: OTCQB) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, is pleased to announce a $3-million strategic investment in Ottawa-based Brane Capital, a leading cryptocurrency and digital asset custodian.ĭMG has agreed to purchase 8.0 million units of Brane at a unit price of $0.375 per unit. VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - DMG Blockchain Solutions Inc. ![]()
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