FSE Listings

Condensed version_Major BANKING Challenges For FINTECH Companies

Major Banking Challenges for Fintech Companies – Solutions Overview Fintech companies face significant challenges with banking access, regulatory compliance, and treasury management. Solutions often require tailored licenses, banking relationships, and software integrations. Here’s how FinTech’s can address these issues effectively: Key Needs for Fintech Companies Building Resilient Fintech Infrastructure To succeed, fintech’s need resilient infrastructure involving: Contact for Assistance For tailored fintech solutions, reach out to Ryan Gibson via WhatsApp (+27 794 910 225) or email (Ryan@businesslistingsgroup.com).

Expanded version_ Major BANKING Challenges For FINTECH Companies

Major Banking Challenges for Fintech Companies – What Are the Solutions? The fintech landscape is dynamic and complex, with payment service providers, remittance companies, and other fintech firms facing evolving challenges. One recurring question from stakeholders is: Can you set up banking for us? Addressing these challenges often requires a bespoke combination of licenses, banking relationships, and advanced software integrations. These solutions are underpinned by robust compliance mechanisms, AI-driven tools, and sophisticated treasury management systems—either in-house or outsourced. The reality is that while there is no one-size-fits-all solution, tailored approaches do exist. Here’s a deep dive into the key challenges fintech companies face and how they can be tackled effectively. What Does a Fintech Company Need Today? 1. Bank Accounts Fintech companies operate at various transaction scales, from early-stage startups processing $5–$10 million monthly to mature firms handling $100–$200 million or more. This growth has been both a boon and a challenge, as large transaction volumes often attract intense scrutiny from banking institutions. Even established players like Wise and Mercury experience regulatory oversight due to concerns about compliance lapses. These issues can ripple down to smaller entrants in the field, forcing banks to scrutinize every transaction meticulously. The Problem: The challenges stem from: The Solution: To mitigate these risks, fintech companies are increasingly opting to register in multiple jurisdictions. This strategy diversifies regulatory exposure and secures access to region-specific banking services. For example: These setups not only meet jurisdictional requirements but also enhance operational flexibility. Among the most popular options are New Zealand’s FSP registrations for their adaptability and US/Canadian MSBs for their robust banking ecosystems. 2. Jurisdictional Challenges Operating across multiple regions introduces complexities related to marketing, client onboarding, and compliance with local regulations. A multi-jurisdictional presence ensures fintech companies can: However, localized banking solutions, while effective in certain respects, often remain siloed. This creates a new set of challenges: Enhancing Banking Resilience: Some FinTech’s form joint ventures with local banks to align interests and mitigate risks. While this strategy can strengthen local relationships, it isn’t universally applicable and requires careful negotiation. 3. Treasury Management The growing complexity of managing multiple accounts, currencies, and jurisdictions necessitates sophisticated treasury solutions. This is especially critical for companies processing high volumes of international transactions. The Challenge: The Solution: An outsourced treasury model leveraging institutional forex providers offers a practical path forward. These providers, with decades of experience in trade finance and currency management, can: By outsourcing treasury functions to experts, fintech companies can streamline operations, reduce overhead, and focus on core competencies. Beyond Banking: Building Resilient Fintech Infrastructures While multi-jurisdictional registrations and outsourced treasury solutions address key pain points, fintech companies must remain agile. The ever-shifting regulatory landscape requires continuous adaptation. At Business Listings Group, we specialize in crafting tailored solutions, including: Additionally, through Silverbear Capital, we offer services to scale businesses further: Get in Touch If you’re ready to navigate the complexities of banking for fintech, expand your presence across key markets, or streamline your treasury operations, reach out to Ryan Gibson for tailored advice. Whether you’re looking for company registrations, banking solutions, or capital-raising support, we can help. 📞 WhatsApp: +27 794 910 225📧 Email: Ryan@businesslistingsgroup.com | Ryan.Gibson@SilverbearCapital.com Your fintech’s success lies in strategic partnerships and informed decisions—let us guide you there.

Major BANKING Challenges For FINTECH Companies

Major BANKING Challenges for FINTECH Companies – What is the Solution? Within the world of payment service providers, remittance companies, Fintech companies, challenges are ripe and ever shifting. The question always arises, can you set up Banking for us. If one were to take the time to see how the challenges are best dealt with, it often requires a custom grouping of licenses and Bank accounts, that can connect to software solutions via rails and AI, customer service solutions, and for the more sophisticated either a complex internal treasury department or an outsourced treasury department. In Banking terms, the answer is custom, but it does exist. What do you need today as a Fintech company? Bank Accounts: Banking has become more complex as has the KYC and AML. Fintech companies are now reaching the phase where a single company can be dealing with $100 million to $200 million dollars a month int transactions. These big and established companies have paved a way for the small companies who are just starting doing $5-$10 million dollars a month. The problems exist however for the big and small, where even firms like Wise and Mercury, etc end up under the microscope for transactions due to their volume. This causes the Banking institutions individually to take a closer look at every transaction the smaller new-comers into the field do, because the hick-ups caused in the Banking and regulatory systems by their predecessors and in some cases for the failed businesses along the way. It’s not easy to get good Banking for Fintech. The solution of course is two-fold which most of the companies have attempted and some have succeeded with, which is setting up Fintech registered companies in multiple jurisdictions. This is what we do at Business Listings Group quite successfully, is registration of these companies with Banking solution per region. For example, a firm like XE.com, OFX.com, Wise, etc all follow the same pattern of setting up: The most common solutions used high-lighted above. Also, these are the solutions we most commonly have existing companies for sale as part of our mergers and acquisitions, or can build quickly from scratch. Especially popular is the New Zealand FSPs for their flexibility, and the US and Canadian MSBs for their Banking in those markets. The set-up of multiple jurisdictions also helps to solve the second problem of Fintech companies, which is jurisdictionally, who you can market to, how you can market, what type of clients and services you can offer. Generally, a grouped together solution of multiple jurisdictions helps to solve this, but you have to be very careful to customize your interfaces for those markets. This solution works, but doesn’t completely solve the problem. The reason why it doesn’t solve the problem is in each market you are dealing with isolated Banking within those markets. The Bank can decide at any time whether they still like the Fintech companies, Services, and types of offerings they are doing, and possibly challenge locally the Fintech company, causing them to lose their banking and often requiring them to have multiple back ups locally above and beyond their international subsidiaries or sister-companies accounts. One solution we have managed in some jurisdictions is to set-up Joint Ventures with local banks for their jurisdictions, which gives them a vested interest, but this solution is not for everyone. The challenge then for banking is often a challenge of local appetite for risk based on transactions done in local banks at a local level, and international transactions in and out of those Banks. When dealing with large volumes, this pushes for what is the third major problem that needs to be addressed which is the need for a multinational treasury team, somehow managing all of the accounts and subsidiaries globally, while maintaining the integrity of the company on a local level with the Banks and with the oversight of the regulatory bodies, without causing any international incidents. From within this complex network of needs, there are large and small wholesale firms that can solve these problems for the Fintech companies, but it takes a pure understanding of the traditional “FOREX” companies, who have spent decades before the onset of Fintech companies transferring and moving forex via swift and multiple banking connections. Not even all Banks handle their forex, these are dedicated companies that handle the forex-treasury of financial institutions in volume. Outsourced Backoffice Treasury Solution. Simply put, the average Fintech company big or small is not generally prepared to manage 10 different accounts, multiple clients, multiple requirements, and jurisdictional challenges, however the traditional Forex companies live and breath these types of transactions from Trade Finance transactions to simply the movement of money into currencies for hedging or transactional purposes in the financial world. Although the Fintech market has embraced this content pattern of setting up multiple jurisdictions, as discussed above, it doesn’t totally solve the problem and often causes the companies to be constantly be putting out fires on multiple fronts. This is where solutions like the custom ones recommended by myself for Fintech companies often includes a combination of multiple jurisdictions, with multiple accounts, where all the companies hold accounts with an outsourced custom Treasury for easily making international transfers and transactions. The forex company can clear through their Tier One Banking in companies like HSBC, CITI, LLOYDs, Bank of America, Royal Bank of Canada, Standard Bank, ABSA, ICBC, China Construction Bank, etc etc, Forex for and on behalf of the multiple licenses the Fintech companies has centralizing their Forex needs where their domestic accounts are primarily for the domestic clients. This solves a lot of the headaches seen today where the mixing of international and domestic clients into the Fintech Grouping of companies causes their local banks to be uncomfortable, as too much business coming and going through their markets reduces their abilities to take action or have proper oversight, and increases their risk as a Bank to international exposures they are trying to reduce as a Financial Market

New Zealand is a Great Place to Run an Electronic Money Business or Forex Business

The New Zealand Financial Service Provider market is one of the most reputable offshore jurisdictions for forming Financial Service Providers who act like Banks and are often referred to as FSPs. An FSP within the New Zealand jurisdiction that caters to non-New Zealand residents is any person or Company providing Financial Services from or within New Zealand, including Banks, Building Societies, Brokers, Credit Unions, Currency Exchangers, Finance Companies, Financial Advisers, Investment Managers, and Insurers among others. The mechanism of registering an FSP is made possible due to the fact that New Zealand repealed its entire Banking Act in 1995 (Banking Act Repeal Act 1995) and thereby facilitated free entry in to the business of banking. There are several laws regulating a financial business, but New Zealand is unique in the sense that an international banking entity can be established without capital requirements, qualification requirements or excessive supervisory requirements. If banking services are not offered to the public in New Zealand, the requirements of prospectus, supervisory trustee and investment statements as set out in Part II of the Securities Act 1978 do not apply. FSPs offering services to non-residents also operate outside the geographical scope of the Non-Bank Deposit. This structure is therefore ideal for an Asia focused broker dealership which gives the comfort of being within the Asia Pacific region within a common time zone. In addition, the Broker Dealer can take clients from all over the World. New Zealand is an attractive location for running an electronic money or forex business for several reasons: 1. Stable Economy and Political Environment  2. Progressive Regulatory Framework  3. Low Corporate Tax and Business-Friendly Policies 4. Access to Skilled Workforce and Tech Infrastructure 5. Strategic Location and Global Time Zone Advantage 6. Reputation as a Trusted Financial Hub  7. Innovative Financial Ecosystem With these combined advantages, New Zealand provides a conducive environment for starting and scaling an electronic money or forex business that operates within a stable, secure, and innovation-friendly framework. If you are interested in expanding your business to New Zealand or have any questions please contact me,  ryan@businesslistingsgroup.com Also, if you have any financial services companies for sale, please let us know, we can engage to assist you in the sale of your Bank, Brokerage License, MSB, EMI, etc. We also offer these types of firms for sale through our mergers and acquisitions division.

Is New Zealand a good place for payment service providers? Have you heard of the FSP Registration for Fintech’s in New Zealand?

For the past 18 years I have been involved with building Payment Service Providers around the world, with various licenses within the US, Canada, Spain, Sweden, Malta, Philippines, Malaysia, Hong Kong, Singapore, South Africa, UK, Australia, and of course New Zealand as a region to build Financial Service Providers. I also have been focused on buying and selling PSPs, FSPs, MSBs, EMIs, Banks, etc so if you have a company for sale, you must let me know, I have buyers. WE ARE ALWAYS LOOKING FOR PSPs For Sale by the way. The Fintech market has been growing in leaps and bounds, and the onset of AI has also been driving the growth, but what is the best markets to build the companies in. THIS IS WHY I CHOSE TO OPEN YOUR EYES TO NEW ZEALAND. New Zealand is an attractive market for payment service providers (PSPs) for several reasons: 1. High Digital Adoption: New Zealand has a tech-savvy population with high internet and smartphone penetration rates. This makes digital payment services easy to adopt, as people are accustomed to online and mobile banking and other digital services. 2. Growing E-commerce Sector: E-commerce in New Zealand has been expanding rapidly, with local businesses and consumers increasingly relying on digital platforms. This creates demand for efficient and secure payment solutions that support online transactions. 3. Stable and Business-Friendly Economy: New Zealand is known for its stable economy, transparent regulations, and pro-business environment. The country ranks high in ease of doing business, which is advantageous for payment companies looking to establish a foothold in the region. 4. Favorable Regulatory Environment: New Zealand has a relatively progressive regulatory landscape for fintech and payments. The government and regulatory bodies, such as the Financial Markets Authority (FMA), are open to innovation, which helps PSPs navigate compliance without overly restrictive barriers. 5. Cross-Border Opportunities: Positioned as a gateway to Asia-Pacific, New Zealand provides access to nearby economies, including Australia and Southeast Asia. Many companies expand into New Zealand as part of a broader regional strategy, facilitating partnerships and cross-border transactions. In addition, many companies choose New Zealand to set up a Financial Service Provider for non- New Zealand residents, which is like a Bank structure offshore in New Zealand. We will discuss this further below. 6. Innovation-Friendly Financial Sector: New Zealand’s banks and financial institutions are generally open to collaborating with fintech companies, especially in payment solutions. This willingness to integrate with external service providers enhances PSPs’ ability to scale and integrate into the financial ecosystem. 7. Consumer Trust in Digital Payments: New Zealand consumers increasingly trust digital and mobile payments, driven in part by the robust data privacy and security standards. PSPs that prioritize security and convenience are well-positioned to succeed. 8. Government Support for Fintech Growth: New Zealand’s government actively promotes fintech innovation through funding initiatives and collaborations with private sector players. This support creates a nurturing environment for payment service providers to innovate and grow. In addition to the local benefits, there is a specific type of company unique to New Zealand called a Financial Service Provider (FSP). An FSP adapts itself ideally to the Fintech World, and it has all the services of a Bank and PSP, in a great jurisdiction, without needing the massive capital requirements. These services can be expanded to include the following and are not limited at all to just these items. The New Zealand FSP company can add at anytime the following services ideal for a PSP: ·         Issuing and managing a means of payment ·         Operating a money or value transfer service ·         Giving financial guarantees ·         Changing foreign currency ·         Trading financial products or foreign exchange on behalf of other persons ·         Keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons ·         Wholesale and/or generic financial adviser services ·         Broking service (including a custodial service) ·         Custody If you are interested in expanding your business to New Zealand or have any questions please contact me, Ryan@businesslistingsgroup.com Also, if you have any financial services companies for sale, please let us know, we can engage to assist you in the sale of your Bank, Brokerage License, MSB, EMI, etc. We also offer these types of firms for sale through our mergers and acquisitions division.

Proposed Financial Activities Of A Crypto Currency Company and Exchange and Whether it Can Be Done In New Zealand as a Registered FSP

Proposed Financial Activities Of A Crypto Currency Company and Exchange and Whether it Can Be Done In New Zealand as a Registered FSP The proposed business of the FSP may include: 1.    Receipt of fiat and cryptocurrencies and crypto assets (“assets”) from clients, 2.    Holding such assets as client money or client property in trust for, and on behalf of, clients, 3.    Receipt of investment returns, dividends, and other proceeds arising from client assets, and holding such proceeds as client money or client property in trust for, and on behalf of, clients, 4.    Transfer of client money or client property in fulfilment of client orders, including for the purchase of, or subscriptions for, financial products sold by or issued by other parties (not the FSP), 5.    An example of the financial activities that could be facilitated would be the receipt of assets from clients, in the form of fiat or cryptocurrencies, holding those funds as client money or client property, transferring those funds to a promoter or issuer, who will issue or sell interests in a fund, scheme or entity that owns, operates or rents out computer servers, which generate revenue and incur expenses in mining cryptocurrencies or adding blocks to a blockchain. Under this example, the FSP would not be establishing or operating the fund, scheme or entity, but would be facilitating client investments in, holdings of, disposals of, and distributions from, such funds, schemes or entities. Questions the opinion is to address This opinion addresses the regulatory and financial services and banking licencing, registration, and authorisation in New Zealand, required for the proposed provision of the services by the FSP: 1. Can the FSP lawfully provide the services of receiving and holding assets in the nature of cryptocurrencies and crypto assets as well as fiat currencies and traditional financial assets, from, for, on behalf of, and in trust for clients, according to the laws of New Zealand, and from a New Zealand business location? 1.1. Can these client money or property services be provided to: 1.1.1. New Zealand retail investors or retail clients 1.1.2. New Zealand wholesale investors or wholesale clients 1.1.3. Non-New Zealand retail investors or retail clients 1.1.4. Non-New Zealand wholesale investors or wholesale clients. 2.   Can the FSP lawfully provide the services of receiving assets, revenue and proceeds from the issuers or purchasers of such client money or client property, according to the laws of New Zealand, and from a New Zealand business location? 3. Can the FSP lawfully provide the services of sending or transferring client money or client property to third parties, or to other locations, upon the instructions of clients or clients’ authorised delegates or agents, according to the laws of New Zealand, and from a New Zealand business location? 4.   Can the FSP undertake the kind of activity of facilitating client investment in a crypto mining operation, as described? Relevant definitions and concepts 5. The service of receiving and holding assets may be regulated in New Zealand as a “client money or property service.” The service is defined in s 431W Of the FMCA as: A client money or property service— (a) is the receipt of client money or client property by a person and the holding, payment, or transfer of that client money or client property; and (b) includes a custodial service. 6.   Client money is defined as: client money means money— (a) received in connection with acquiring, holding, or disposing of a financial advice product or otherwise in connection with a financial advice product; and (b) received from, or on account of, a client by a person (A) (and not on A’s own account) 7.   Client property is defined as: client property means property (other than money) to which the following apply: (a) the property is a financial advice product, is a beneficial interest in a financial advice product, or is received in connection with a financial advice product; and (b) the property is received from, or on account of, the client by a person (A) (and not on A’s own account) 8.   A financial advice product is defined in s 6 of the FMCA as: financial advice product means— (a) a financial product (as defined in section 7); or (b) a DIMS facility; or (c) a contract of insurance; or (d) a consumer credit contract; or (e) any other product declared by the regulations to be a financial advice product; or (f) a renewal or variation of the terms or conditions of an existing financial advice product Analysis 9. A crypto-asset may or may not be a “financial product” under s 7 of the FMCA depending on its characteristics. For example: 9.1. If the crypto-asset is a representation of a right to a commodity such as a Kg of wheat, held in storage by or for the issuer or for the holders of the crypto-asset, arguably it is not a debt security (since wheat is not “money” and a debt security is a right to be repaid money that has been lent to or deposited with or is owing by someone).1 9.2. a stablecoin issued by an issuer who promises to repay **money is a debt security and therefore a financial product. 10. A custodial service is also defined as in terms of holding a financial advice product in trust for a client. ** “Money” is defined to include “money’s worth” however this extention does not apply to the definitions of debt security, investor money and investor property, see s 6, FMCA. So, a debt security is strictly a right to be repaid money and not the right to be paid a non-money commodity, or an ownership interest in a non-money commodity. 11. Inasmuch as the crypto assets that the FSP holds or handles in this way are not financial products (and not financial advice products), the service is not regulated by the FMCA (and also requires no licence or authorisation in New Zealand) however, it is best to register as an FSP and as providing a financial service than be accused of not being

FSE Listings: Why Australian Companies Primary and Dual Listing on the Frankfurt Stock Exchange?

Australian Companies Primary and Dual Listing on the Frankfurt Stock Exchange? Do you want to take your company public on a European Stock Exchange? There are many different providers in the marketplace but most of them ask for exorbitant upfront fees. You will find so-called German Stock exchange listings specialists and sponsors in Dubai, UK, Switzerland, Germany, even Australia and Canada, but for the most part they overcharge upfront and take months and months to list your company. A Primary Listing generally will cost under EUR 100,000, however, the minimum Sponsor upfront cost should be EUR 20,000 and all other expenses should be paid out invoice by invoice directly from the private company wanting to list their shares on the Frankfurt Stock Exchange. A Dual Listing of an existing ASX or NSX company should be no more than EUR 10,000 upfront fee, which would be your total cost of Dual listing your firm. Therefore you can dual list for only EUR 10,000 and start a primary listing process with a commitment of only EUR 20,000. For a proposal for your company, contact Ryan@Businesslistingsgroup.com. Our consortium at FSE Listings Inc has listed more companies than any other provider on the market (over 1,000). Australian Stock Exchange not worried about German shift The ASX does not think there has been a drift by Australian companies from the ASX to Frankfurt but admits it needs to do more to attract small to mid-cap companies to list. However with listings costs starting at EUR 20,000 for new companies listing on the Frankfurt Stock Exchange, the Australian Stock Exchange should be nervous, when the average listings cost on the Australian and NSX markets including the sponsor brokers, listings costs, and reporting requirements is costly for new companies who simply want a listing in a reputable stock market. (AUD 300,000+ and costly reporting requirements) Richard Murphy,  general manager of capital markets at the ASX, said the number of Australian companies listed in Frankfurt did not represent a drift from the ASX to Frankfurt as the majority of the Australian companies listed on the Frankfurt Stock Exchange had not sought a listing there. (Source: SmartMoney) “They are not actual listings on the Frankfurt Stock Exchange, what has actually been happening is that [the exchange] just started quoting stocks and they simply put them up,” says Murphy. “Frankfurt has been marketing over here as has the Munich Stock Exchange more aggressively.” What he is referring to is the dual listing of Australian Stocks on the Frankfurt Stock Exchange, which only costs EUR 10,000 to complete. (www.businesslistingsgroup.com) “The theme all around the world is that companies of every size are being traded all over the world in very different ways,” says Murphy. “We have decided many times not to set up an entry board or an alternative investment market,  nobody wants it as you are looking for trouble down the line by setting it up. Murphy acknowledged that there were often liquidity issues for smaller and mid-size companies listing on the ASX. The Frankfurt Stock Exchange offers that opportunity to create liquidity by dual listing the ASX listed company on the Frankfurt Exchange. Or new companies looking to list can make their primary listing in Frankfurt versus Australia, lowering their costs, listing requirements, and providing less liquidity issues that are seen in the ASX and NSX markets. The ASX has no intention to market to the SME market as stated, Murphy defended the ASX’s decision not to open a second listing board saying companies had said they liked a single, high profile, high quality board where everyone must comply with minimum standards. This decision has put out of reach listing for many small and medium companies, therefore, these Australian firms should realistically be looking to Frankfurt to arbitrage the decision of their local market for the least cost, most viable, liquid market of Frankfurt. There is a clear advantage of Australian Companies listing on the Frankfurt Stock Exchange, most of the small businesses in Australia are very small and have a small number of shares on issue which are tightly held by the people that started that company. The people who have invested are like venture capital investors, who have grown the mining company, fintech company, medical firm, and business to a certain size that they would like to raise more capital or create a liquidity event by going public. The requirements of 400 shareholders, and costs of listing in Australia do not offer an easy answer, but the Frankfurt Stock Exchange encourages these businesses, with a huge appetite historically for Australian based companies. In comparison to the NSXA and BSX, who have been shunned by business owners such as Morffew who say there is “no liquidity whatsoever” on the secondary boards, the Frankfurt boasts one of the most liquid markets in the World. (Listing fees starting at EUR 20,000 with www.businesslistingsgroup.com, the leading listing group for Frankfurt listings under their wholly owned brand name www.FSEListings.com) Emlyn Scott, chief executive of the NSXA, concedes a lack of liquidity is an issue for the exchange and one he is seeking to address six months into his role as chief executive. He claims the ASX has similar liquidity concerns, saying “liquidity down the bottom end of the ASX is a very long tail”. Scott says it is “astonishing” to hear of the number of Australian companies listing on the Frankfurt stock exchange. “We want to be the best listing exchange, we need to provide good secondary trading but to do that we need to aggregate our companies to encourage them to trade on other markets.” (Source SmartMoney) With those words of encouragement to dual list ASX, NSXA, and BSX Australian Dual listings on the Frankfurt Stock Exchange, it is no wonder Australians are rushing to the Frankfurt market. Ideal for mining companies, Fintech, Financial Services, Software, Medical, Recruitment, Property/Development, farming, Pharmaceutical, Energy, and most industries. With over 800 Australian companies having sought dual listings, the formula is no secret to those who know

FSE Listings: The new FINTECH Market and TECHNOLOGY companies listed in the Canadian Stock Exchange are active winners taking advantage of the Frankfurt Stock Exchange dual listings market.

The new FINTECH Market and TECHNOLOGY companies listed in the Canadian Stock Exchange are active winners taking advantage of the Frankfurt Stock Exchange dual listings market. Fintech companies have been experiencing volume of shares trading, global recognition, penetration into the European markets, and long term new investors. FSE Listings Inc is in the middle of the action, helping people list quickly and effectively their dual listings into Europe. Dual listing your CSE or TSX company brings more volume and share sales into a market looking for long term investment, most German investors hold shares for up to 1 year or more, and typically Pension funds can invest in local registered exchanges within the EU, opening a new institutional market for Canadian firms raising capital. For 10,000 euro, firms can quickly gain access to the German marketplace, some of the firms and markets of which Canadians have chosen to dual list include: (Contact Ryan@businesslistingsgroup.com for more information on dual listings and packages available for Canadian Public Companies.) Examples of Canadian Fintech and Technology Listed Firms Dual Listing on the Frankfurt Stock Exchange: Cloud Nine Web3 Technologies announced that its common shares have commenced trading on the Frankfurt Stock Exchange under the ticker symbol “1JI0”. The Company has been assigned an International Securities Identification Number (ISIN: CA18913C1014) and a German Securities Identification Number (WKN: A2QQ2V). Cloud Nine Web3 Technologies is a technology company focused on incorporating emerging technologies into its current platforms leveraging Web 3.0. Cloud Nine’s mission is to fuel innovation and make the future more accessible by powering the launch and growth of future tech companies. Web 3.0 enables a future where decentralized users and machines are able to interact with data, value and other counterparties via a substrate of peer-to-peer networks without the need for third parties. https://cloud9web3.com Galaxy Digital Holdings Ltd. (TSXV: GLXY) (“Galaxy Digital” or the “Company”), a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry, is pleased to announce that the Company’s shares have been accepted for trading on the Frankfurt Stock Exchange under the trading symbol 7LX (WKN: A2JRV8, ISIN: KYG370921069). With this listing, Galaxy Digital’s common shares are now dual-listed on the TSX Venture Exchange and the Frankfurt Stock Exchange, one of the largest stock exchanges in the world by market capitalization. The Company’s listing is an integral part of Galaxy Digital’s efforts to increase shareholder value while simultaneously positioning the Company for expansion into the European markets, and further establishing corporate awareness and brand recognition as it continues to execute against its long-term strategic plan of building a world-class firm. Voyager Digital (Canada) Ltd. (“Voyager”) (TSXV: VYGR; Pink Sheets: VYGVF), today announced that the Company’s shares are trading on the Frankfurt Stock Exchange under the symbol UCD2 (ISIN:CA92917M1005 WKN:A2PD6T) Voyager is now listed on the TSX Venture Exchange, the OTC Pink Sheets and the Frankfurt Stock Exchange. With this additional listing on one of the world’s largest stock exchanges by market capitalization, Voyager expands its investor base to European investors. This is an important aspect of Voyager’s broader growth strategy to reach a global audience, both through its stock listing and its crypto trading platform, all to build value for its shareholders. ProStar Holdings (“ProStar™” or the “Company”) (TSXV: MAPS) (FSE: 5D00) is pleased to announce that the Company’s shares have been accepted for listing on the Frankfurt Stock Exchange (“FSE”) and commenced trading on Wednesday February 3, 2021. The shares trade under the trading symbol FSE: 5D00. The Company’s common shares are now cross-listed on the TSX Venture Exchange and the FSE. GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS)(FRA:A2PN34) (“GlobeX” or the “Company”), the leader in Swiss hosted secure data management and secure communications, is pleased announce that is common shares have started trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under WKN: A2PN34 and the symbol “GDT”. The Company’s shares continue to be listed on the Canadian Securities Exchange (CSE) under the symbol “SWIS” and on the OTC Markets (OTCQB) under the symbol “SWISF”. The Company’s shares will now be cross-listed on the Canadian Securities Exchange (“CSE”), the OTC Markets (“OTCQB”) and the Frankfurt Stock Exchange (“FRA”). GlobeX anticipates the Frankfurt listing will help increase trading liquidity and facilitate investment in the Company by institutional and retail investors across the European Union and Switzerland. Hapbee Technologies, Inc. (TSXV: HAPB) (FSE: HA1) (“Hapbee” or the “Company”), a wellness technology company developing the revolutionary Hapbee wearable, is pleased to announce that its common shares commenced trading on the Frankfurt Stock Exchange under the symbol “HA1”. Hapbee’s common shares are now dual listed on the TSX Venture Exchange under the symbol “HAPB” and on the Frankfurt Stock Exchange. Hapbee is a wearable magnetic field technology company that aims to help people choose how they feel. Powered by patented ultra-low radio frequency energy (ulRFE®) technology invented and licensed by EMulate Therapeutics, Inc., Hapbee delivers low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy. Toronto-based Perimeter Medical Imaging AI Inc. listed its stock on the Frankfurt Stock Exchange under the symbol 4PC, marking a secondary listing for the company. The medical device maker, which has a U.S. headquarters in Dallas, said its common shares will continue to trade on the TSX Venture Exchange under the symbol PINK. Frankfurt is responsible for approximately 90 percent of all securities traded in Germany. The FWB facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors. Business Listings Group Ltd & FSE Listings Inc With over 3000 listings on the Frankfurt Stock Exchange within the FSE Listings consortium, we are experts in listing your Canadian listed and public companies onto the Frankfurt Stock Exchange. We are one of the most active firms listing companies and providing market support in Europe. Many new firms have tried to offer our service level, however, we have been offering these services since 2000, with over 20 years dual and primary listing on Frankfurt. Experts in FSE Law, Listings, Mergers and Acquisitions. For

FSE Listings: Recent Novelty Food, Cannabis, Mushroom, and Life Sciences Canadian TSX and CSE Dual Listing on The Frankfurt Stock Exchange

FSE Listings: Recent Novelty Food, Cannabis, Mushroom, and Life Sciences Canadian TSX and CSE Dual Listing on The Frankfurt Stock Exchange Canadian Stock Exchange Listings are active again on the Frankfurt Stock Exchange, and FSE Listings Inc is in the middle of the action, helping people list quickly and effectively their dual listings into Europe. Dual listing your CSE or TSX company brings more volume and share sales into a market looking for long term investment, most German investors hold shares for up to 1 year or more, and typically Pension funds can invest in local registered exchanges within the EU, opening a new institutional market for Canadian firms raising capital. For 10,000 euro, firms can quickly gain access to the German marketplace, some of the firms and markets of which Canadians have chosen to dual list include: (Contact Ryan@businesslistingsgroup.com for more information on dual listings and packages available for Canadian Public Companies.) Novelty Food and Bio/Life Sciences in Canada Dual listing on the FSE Organto Foods has now been listed on the Frankfurt Stock Exchange (Deutsche Börse, OGF). This international organic fruit and vegetable supplier has been on the TSX Venture Exchange (OGO) since 2015. The company wants to make the world more sustainable. It intends to achieve this by connecting global organic demand and supply.The FSE is Germany’s largest stock exchange. It’s also the fourth largest in the world in terms of securities trading and turnover. This listing enables Organto Foods to respond to the rising European trading demand. They want more sustainable, organic food companies. The listing now makes it easy for European investors to invest in Organto. And so, contribute to the international increase in organic fruit and vegetable trading. Pascal Biosciences Inc. (TSX.V:PAS) (“Pascal” or the “Company”) is pleased to announce that its common shares were accepted for listing on the Frankfurt Stock Exchange (“FSE”) under the trading symbol 6PB | ISIN: CA7024781089 | WKN: A2DQU4. The Company’s common shares are now cross-listed on the TSX Venture Exchange and the FSE. The Frankfurt Stock Exchange is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization. The FSE provides access to millions of international investors, and only NASDAQ and the New York Stock Exchanges are larger. An FSE listing is expected to increase trading liquidity and can assist in attracting investment by institutional and retail investors in Europe. Pascal’s Frankfurt listing can be found at https://www.boerse-frankfurt.de/equity/pascal-biosciences-inc Red Light Holland Corp. (CSE: TRIP) (“Red Light Holland” or the “Company“), an Ontario-based corporation positioning itself to engage in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce the listing of its common shares on the Frankfurt Stock Exchange (“FSE“) under the symbol “4YX”. The Company’s common shares continue to be listed on the Canadian Securities Exchange (“CSE“) under the symbol “TRIP”. BioHarvest Sciences Inc. (“BioHarvest” or the “Company”) (CSE: BHSC) announces that it is now trading on the Frankfurt Stock Exchange. BioHarvest Sciences Inc. is now listed on the Frankfurt Stock Exchange (also known as the Deutsche Boerse AG) under WKN: A2P3RM and the symbol 8MV. The company’s shares continue to be listed on the Canadian Securities Exchange under the symbol C.BHSC. The Frankfurt listing will increase the visibility of the Company amongst European investors and will make it easier for both institutional and retail investors across Europe to participate in the market for BioHarvest shares. Havn Life Sciences Inc. (CSE : HAVN) (FSE : 5NP)(the “Company” or “Havn Life”), a biotechnology company focused on unlocking human potential using evidence-informed research, and developing standardized psychoactive compounds derived from plants and fungi, is pleased to announce that it has been accepted to list its common shares on the Frankfurt Stock Exchange (FSE) under the trading symbol (5NP). The Company’s shares are now cross-listed on the Canadian Securities Exchange (CSE) and the FSE. ELSE NUTRITION HOLDINGS INC. (BABY.V) (BABYF) (0YL.F) (“Else” or the “Company”), is pleased to announce that its common shares were accepted for listing on the Frankfurt Stock Exchange (FSE) under the trading symbol 0YL. The Company’s common shares are now cross-listed on the TSX Venture Exchange, the OTCQB and the FSE. The FSE listing is expected to increase trading liquidity in the Company’s shares, as well as to assist in attracting investment by institutional and retail investors in Europe . Pasha Brands Ltd. (“Pasha” or “Company”) (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD), Canada’s largest craft cannabis organization, is pleased to announce that its common shares are now listed on the Frankfurt Stock Exchange (FSE) trading under the ticker symbol “ZZD”.Pasha operates as a brand house representing Canada’s most established craft cannabis cultivators, producers and retailers. This listing serves as the European market’s first look at the vertically integrated craft cannabis organization. Within the Pasha umbrella resides award-winning brands that have firmly established themselves in British Columbia – a region known around the world for its high-quality craft cannabis product. The Company’s common shares will continue to trade on the Canadian Securities Exchange (CSE) under the ticker symbol “CRFT.” Pasha’s subsidiary, Medcann Health Products Ltd., is a Health Canada licensed cultivator and processor with a license to sell medical cannabis products in Canada. The Very Good Food Company Inc. (CSE: VERY) (“VGFC” or the “Company”) is pleased to announce that its common shares were accepted for listing on the Frankfurt Stock Exchange (FSE) under the trading symbol (0SI). The Company’s common shares are now cross-listed on the Canadian Securities Exchange (CSE) and the FSE. The Very Good Food Company Inc. is an emerging plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives. Our mission is to employ plant-based food technology to create products that are delicious while maintaining a wholesome nutritional profile. To date we have developed a core product line under The Very Good Butchers brand. World Class Extractions Inc. (CSE: PUMP) (the “Company” or “World Class”) is pleased to announce that its common shares are now listed on the

FSE Listings: Mining Companies in Canada Dual Listing on the Frankfurt Stock Exchange from CSE and TSX Again 2020-2021

Mining Companies in Canada Dual Listing on the Frankfurt Stock Exchange from CSE and TSX Business Listings Group Ltd, operating with Ryan Gibson, Ryan@businesslistingsgroup.com has listed over 200 Canadian Mining companies on the Frankfurt Stock Exchange as dual listings. Here are some recent listings of Canadian Mining Companies on the Frankfurt Stock Exchange. If you are interested in Dual Listing your Canadian mining firm, please contact us. List of Recent Listings of Mining Companies on The Frankfurt Stock Exchange Hawkmoon Resources Corp. (CSE: HM, FSE: 966) (“Hawkmoon” or the “Company”) is pleased to announce a Börse Frankfurt listing in Germany (the “FSE”) under the symbol “966” (FSE: 966). With this listing, the Company’s shares are now cross-listed on the Canadian Securities Exchange (“CSE”) and the FSE. The FSE is the world’s 12th largest stock exchange by market capitalization and is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. Kingfisher Metals Corp. (TSXV:KFR) (FSE:970) (“KFR” or the “Company”) is pleased to announce that the Company’s shares have been accepted for listing on the Frankfurt Stock Exchange (“FSE”) and commenced trading on March 25, 2021 under the symbol “970”. The Company’s common shares are now cross listed on the TSX Venture Exchange and the FSE. The FSE is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges. Gold Corp. (CSE: NSJ) (“NSJ”) is pleased to announce the listing of its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the symbol (WKN: A2QQ5R) (FSE: 9PZ). With this listing, the Company’s shares are now cross-listed on the Canadian Securities Exchange (“CSE”) and the Frankfurt Stock Exchange, one of the largest stock exchanges in the world. NSJ anticipates the Frankfurt listing will help increase trading liquidity and facilitate investment in the Company by institutional and retail investors across Europe. Euro Manganese Inc. (TSX-V/ASX: EMN) (“EMN” or the “Company“) is pleased to announce its listing on the Frankfurt Stock Exchange. Ameriwest Lithium Inc. (CSE: AWLI) (the “Company” or “Ameriwest”) is pleased to announce that it has begun trading on the Frankfurt Stock Exchange (the “FSE”) under the following trading symbol and codes: FSE: 5HV0 WKN: A3CMEX ISIN: CA03078L1040. With this listing, Ameriwest’s common shares are now dual-listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange, one of the largest stock exchanges in the world. The Company anticipates this FSE listing will increase trading liquidity and facilitate investment in Ameriwest by investors in Germany, Switzerland, Luxembourg and the rest of Europe. Noka Resources Inc. (the “Company” or “Noka”) (TSX-V: NX FSE: 2NK) is pleased to announce that it has listed its common shares on the Frankfurt Stock Exchange (FWB) under the ticker symbol “2NK” and WKN number: A1W6E8. The Shares were listed by German market maker Baader Bank Aktiengesellschaft who will maintain the order book.