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  • TraceSafe (TSF) has received eligibility for electronic clearing and settlement through the DTC
  • DTC settlement services provide a more efficient settlement process for investors and brokers while expanding TraceSafe’s reach in the US market
  • TraceSafe is a full suite of real-time location management services and contact tracing solutions
  • TraceSafe Inc. (TSF) opened trading at C$0.43 per share

TraceSafe (TSF) has received eligibility for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States.

TraceSafe’s DTC eligibility enables its shares to be distributed, settled, and serviced through DTC’s automated processes, taking advantage of the electronic method of clearing securities while expanding TraceSafe’s reach in the US market.

Wayne Lloyd, TraceSafe CEO commented on the news.

“Investor demand has been high in the US market, where people are taking notice of TraceSafe’s ascent to the #1 provider of IoT technology in the cruise industry, as well as our growing presence in the enterprise, industry, and education markets. This is an important step forward in expanding our access to a wider audience in North America and creating exciting new opportunities in the US market.”

Along with opening doors for new investors, existing investors can benefit from greater liquidity and execution speeds thanks to DTC eligibility, which simplifies the trading process and allows TraceSafe’s shares to be traded over a much wider selection of brokerage firms.

TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low-power Bluetooth beacons and enterprise cloud management. TraceSafe’s leading cloud management solution ensures both user privacy and comprehensive administrative control.

TraceSafe’s patented contact tracing bracelet has already been deployed in mission-critical quarantine applications around the world in partnership with leading governments. TraceSafe is also developing leading-edge solutions for Enterprise, Healthcare, Education, Government, and large-scale venue management.

TraceSafe Inc. (TSF) opened trading at C$0.43 per share.

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