FRNT Financial Subsidiary Granted Portfolio Management License from the OSC

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TORONTO, May 26, 2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (FSE: XZ3) ("FRNT" or the "Company"); a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency, is pleased to announce that FRNT Asset Management Inc. ("FRNT AM"), a wholly-owned subsidiary of the Company has been granted registration as a "Portfolio Manager" under the provisions of the Securities Act (Ontario).

FRNT AM was formed in an effort to accommodate growing demand from prospective clients to lend FRNT's expertise in building cryptocurrency and other portfolios for established asset managers. The firm takes a unique perspective in digital assets with many strategies targeting arbitrage and market inefficiencies. Beyond arbitrage mandates, FRNT AM aims to help clients in building passive cryptocurrency mandates and other strategies such as momentum.

In addition to the sub-advisory mandate, FRNT AM is focused on providing asset manager clients with a full product suite of services aiding in the adoption of digital assets and creating the bridge from traditional finance. These services will include in-house fund management, consulting and advisory services and access to the firm's industry leading data and research. All services will be guided with the same principal of educating clients in accessing the digital asset space in a risk-managed and structured approach.

"FRNT Asset Management reinforces our commitment to strengthen our leadership position in crypto and digital assets, not only in Canada, but globally," said Stéphane Ouellette, CEO and Co-Founder of the Company. "Our offering of institutional products will allow clients in both the financial and crypto-native worlds to gain exposure to digital assets in a sophisticated and secure way. Regulation has always been the backbone of our Company, and our offering has been designed to meet OSC standards adhering to the strictest investor protection laws."

About FRNT Financial Inc.

FRNT Financial is a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency and emerging asset classes. The Company intends to present a new set of opportunities targeted to permitted clients and institutional investors while maintaining a lean, technology-forward operation. FRNT is focused on delivering expertise and products to institutional clients that allow them to effectively access alternative cryptocurrency opportunities. The Company was founded in 2018 and is led by CEO Stéphane Ouellette, headquartered in Toronto, Ontario.

https://www.frnt.io

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-Looking Information

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable law. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company as at the date of such information. Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements and forward-looking information, including but not limited to: the general risks associated with the speculative nature of the Company's business, current global financial conditions, uncertainty of additional capital, price volatility, no history of earnings, government regulation in the industries in which the Company operates, political and economic risk, absence of public trading market, arbitrary offering price, dilution to Common Shares, dependence on key personnel, currency fluctuations, insurance and uninsured risks, competition, legal proceedings, conflicts of interest and lack of dividends. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. The Company does not undertake to update any forward-looking statement or forward-looking information that is included herein, except in accordance with applicable securities laws.

SOURCE FRNT Financial Inc.

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