NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF), a cryptocurrency payments technologies company, announced Tuesday that it has engaged Irvine, California-based investment bank Boustead Securities.
In a statement, the Vancouver-based company said it has contracted Boustead to help "screen and negotiate" potential strategic acquisitions for NetCents as well as identify institutional investment for the company.
"Boustead Securities has an impressive track record for raising institutional capital for middle market companies," NetCents founder CEO Clayton Moore said in a statement.
READ: NetCents Technology to add the US to its cryptocurrency credit card program
"What really attracted me to their platform was their dedication to and deep knowledge of the cryptocurrency landscape, an added benefit is obviously their significant relationships in the Asian markets which may help us increase our investor base and give us increasing exposure to the vibrant Asian crypto market," he added.
Boustead's team will be tasked with identifying potential revenue streams and technologies that may be combined with the NetCents platform.
Eli Jawad Ansari, head of blockchain and digital assets investment banking at Boustead, noted that NetCents is in the process of developing solutions that allow merchants to seamlessly accept all digital assets, in their native format.
“We believe this will increase global consumption of digital assets and would be valuable to all the stakeholders, manufacturers, merchants, and customers,” Ansari said, while adding that Boustead Securities would support NetCents with global strategic acquisitions, in addition to raising capital to finance their growth initiatives.
Boustead will also use its network to introduce potential institutional investors and business partners.
"We are lucky to have a passionate following of individual investors, but as we mature as a company — it is time to broaden the scope of our investor base to institutions that may see the company's offering as one way to add a cryptocurrency exposure to their portfolio," said Moore.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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