Ether Capital becomes world’s first public Ethereum company after rebrand

Ether Capital has become the world’s first ever public company focused entirely on the Ethereum ecosystem, it has been announced, as it begins trading on the Canadian stock exchange.

The move comes following the reverse takeover of Movit Media Corp and rebrand to ‘Ether Capital Corporation’.

Som Seif, executive chairman and co-chief investment officer at Ether Capital, said: “The completion of this transaction and commencement of public trading represents a critical step in Ether Capital’s mission.

“We are excited to provide investors with the opportunity to invest in the first publicly listed company focused solely on the Ethereum ecosystem and to help drive industry-shifting disruptive technologies.”

CoinDesk reports that Ether Capital has raised $45 million, 90 per cent of which it will invest  in buying more Ethereum.

“Through Version One, I’ve had the opportunity to experience first-hand the innovation that blockchain technologies are bringing to a number of industries,” added Boris Wertz, lead independent director of Ether Capital.

“The combination of resources and industry-leading expertise that Ether Capital has allowed us to be at the forefront of this innovation and capitalise on opportunities in the sector.”