GS Chain said the decision to list on the US OTC Markets stems from its interest in finding a deal in the fintech and digital banking space.
These are areas with significant growth potential both in North America and globally, noted Alan Austin, the cash shell's chief executive.
"Each year, tech companies are delving deeper into the financial services sector, providing new digital-friendly banking services.
“The digital banking market size was about £45 billion in 2021, and we expect exponential growth in the coming years," he said.
"Given our substantial following in North America and the increased customer acceptance of digital banking services in this region, we believe it's the right time to list on the OTC Markets," Austin explained.
He noted that an OTC Markets listing also allows GS Chain to engage more effectively with potential investors, facilitating their journey into the company and ensuring enhanced trade transparency.
Additionally, the increased exposure offered by the OTC Markets aligns well with GS Chain's objective of delivering impactful financial solutions to the world.
Austin emphasised the meticulous planning and execution that preceded the company's decision to list on the OTC Markets.
Completing the listing process for the London Stock Exchange's main market and narrowing the group's focus to the fintech and digital banking space were crucial steps in the journey.
GS Chain worked closely with corporate advisors from Sentinel Corporate Finance to navigate the application process smoothly.
Looking ahead, GS Chain is actively analysing potential acquisition deals within the fintech space with a focus on providing innovative financial solutions to underserved populations to propel its growth and deliver long-term value.
Austin hinted at imminent developments, stating, "We are currently analysing several deals on the table, and as soon as we make a decision, we'll be sure to share it."