Ipsidy Climbs The Securities Market Ladder

“Ipsidy’s move to the OTCQX is thus a credit to the biometric identity technology specialist, which launched a new mobile authentication app based on facial recognition earlier this month.”

Ipsidy is climbing the securities market ladder, announcing that it’s upgrading from the OTCQB to the OTCQX.

The OTCQB is a securities market listing aimed specifically at early-stage and developing companies – startups, in other words. The OTCQX, meanwhile, is for more established firms, with OTC Markets describing it on its website as a securities exchange listing for which “companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.”

Ipsidy’s move to the OTCQX is thus a credit to the biometric identity technology specialist, which launched a new mobile authentication app based on facial recognition earlier this month. In a statement announcing the development, Ipsidy CEO and Chairman Philip Beck emphasized the market’s status as an “established public market” in the eyes of the SEC, asserting that “this upgrade is a significant milestone for Ipsidy and we believe a step towards increasing the liquidity of our stock.”

Ipsidy is now trading on the OTCQX under the symbol “IDTY”, with US investors able to obtain Real-Time Level 2 quotes from the OTC Markets website.

(Originally posted on FindBiometrics)