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Bigg Digital Assets Inc
Symbol BIGG
Shares Issued 255,301,401
Close 2023-03-09 C$ 0.285
Market Cap C$ 72,760,899
Recent Sedar Documents

Bigg has no exposure to Silvergate, Silicon Valley Bank

2023-03-10 14:14 ET - News Release

Mr. Mark Binns reports

BIGG DIGITAL ASSETS INC. CONFIRMS NO EXPOSURE TO SILVERGATE BANK OR SILICON VALLEY BANK

Bigg Digital Assets Inc. has confirmed, in connection with the company's commitment to a transparent and compliant crypto industry in Canada and globally, that neither Bigg nor any of its operating subsidiaries have any exposure to Silvergate Bank or Silicon Valley Bank.

Regulated, trusted and safe

Bigg's crypto brokerage subsidiary, Netcoins, is fully regulated in Canada and registered with the British Columbia Securities Commission and Ontario Securities Commission, along with the securities commissions in all other provinces and territories in Canada. Netcoins is also registered and legally operating in 14 states in the United States. In accordance with these registrations, Netcoins holds customer assets with licensed, third party custodians in a secure and insured environment. Netcoins does not lend, trade or invest client assets, or commingle customer digital or fiat assets with company assets.

All customer fiat deposits are held in designated and insured trust accounts. They are also held separately from Netcoins' business funds. This means Netcoins cannot use customer funds for business, operating expenses or other corporate-related expenses.

Netcoins has never banked with Silvergate Bank or Silicon Valley Bank, nor has any Bigg company, and Bigg has zero exposure to either organization.

Bigg is a publicly traded company, which means it has additional financial, operational and disclosure requirements. The company's financials and business operations are available for public consumption any time on SEDAR.

About Bigg Digital Assets Inc.

Bigg Digital Assets believes the future of crypto is a safe, compliant and regulated environment. Bigg invests in products and companies to support this vision. Bigg has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io) and TerraZero (terrazero.com).

Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on the company's technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.

Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading through a self-serve crypto brokerage portal at Netcoins.app.

TerraZero is a vertically integrated metaverse development group and leading Web 3.0 technology company specializing in the metaverse space. The company's metaverse-agnostic vision is to develop, acquire and finance the metaverse's most promising companies, entrepreneurs and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the metaverse. Bigg owns approximately 30 per cent of TerraZero.

We seek Safe Harbor.

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