IDGlobal Corp (OTCMKTS:IDGC) on July 26, 2021 announced obtaining a strategic investment for Azure Blockchain, its wholly-owned subsidiary from FIRMA Holdings Corp for commencing development.
The firm continues to witness development opportunities from firms of different sectors for harnessing its blockchain technology and is keen on having resources to move ahead with one of these opportunities.
Its team is looking at closing the opportunities. IDGlobal Corp. CFO Sebastien DuFort.said that the company is ecstatic on its approval for OTC Markets Application and hopes to update financials and profile by first week of August.
Azure Blockchain will be harnessing Blockchain strategy including tangible assets for building currencies that are secure assets for holders. Blockchain technology is at the core of a secure, time-stamped, transactions that are linked with previous and subsequent transactions.
Technology can be ideal for simplifying complex transactions and facilitate digital tracking of physical assets like electricity as they move from one point to another.
IDGC, an emerging company under the JOBS Act of 2012, will be focusing on middle-market and emerging international opportunities through its subsidiaries. The firm is engaged in fostering early-stage companies through its various developmental phases until companies have significant human, financial and physical resources for self-sufficiency.
Market Reaction:
On Monday, IDGC stock jumped 7% to $0.0015 with more than 382.11 million shares, compared to its average volume of 92.40 million shares. The stock has moved within a range of $0.0014 – 0.0017 after opening the trade at $0.0015. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0032.
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