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Blockchain Venture Capital Inc. - The Canadian Securities Exchange (CSE)

Reported by Thecse
Dec 14, 2023· 2 min read
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Key Takeaways
  • • Blockchain Venture Capital Inc. (BVCI) trades on the Canadian Securities Exchange (CSE) with 41.8 million shares issued and outstanding as of the reporting date, with an additional 5.6 million shares reserved for issuance.
  • • The company is incorporated in Ontario and registered as a Money Services Business (MSB) with FINTRAC, positioning it within Canada's regulated fintech infrastructure landscape.
  • • BVCI is headquartered in Toronto (Suite 56000, 100 King St. West) and provides technology infrastructure solutions to participants in the blockchain and distributed ledger technology sector.
  • • Richard Zhou serves as Chief Executive Officer; the company's transfer agent is TSX Trust Company and auditor is NVS Professional Corporation.
  • • The stock traded at approximately CAD 0.255 as of the reporting period, representing a decline of 1.92% with bid-ask spreads indicating modest liquidity (bid 0.22, ask 0.255).
Summary
Blockchain Venture Capital Inc. (CSE: BVCI) is a Canadian-incorporated technology company focused on providing infrastructure solutions to the emerging blockchain and distributed ledger technology industry. Listed on the Canadian Securities Exchange since February 28, 2018, the company operates as an alternative public capital vehicle for investors seeking exposure to blockchain infrastructure rather than direct cryptocurrency holdings.

As of the reporting date, BVCI maintains a capital structure of 41.8 million issued and outstanding shares, with an additional 5.6 million shares reserved for future issuance. The company is registered with FINTRAC as a Money Services Business, reflecting its operational status within Canada's regulated financial services framework. This regulatory designation indicates the company operates under compliance standards established by Canada's financial intelligence unit, a requirement for entities providing digital payment or money transmission services.

Based in Toronto's King Street West financial district, BVCI is led by Chief Executive Officer Richard Zhou. The company utilizes TSX Trust Company as its transfer agent and retains NVS Professional Corporation as its external auditor, standard governance infrastructure for CSE-listed entities. Recent market activity shows the stock trading near CAD 0.255 per share with a bid-ask spread of CAD 0.22 to CAD 0.255, suggesting moderate liquidity typical of micro-cap technology stocks on the CSE.

The CSE itself positions BVCI within a modern alternative public capital framework designed for companies seeking Canadian market exposure outside the larger Toronto Venture Exchange (TSXV) or TSX platforms. For institutional investors evaluating blockchain infrastructure plays with Canadian regulatory oversight, BVCI represents a publicly traded option with clear MSB registration and audit structures in place.

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Sources

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Thecse Blockchain Venture Capital Inc. - The Canadian Securities Exchange (CSE)