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U.S. safety products company Universal Safety Products said it will change its name to DeFi Capital Markets on Oct. 19 and shift its focus to cryptocurrency-related businesses. On the same day, its NYSE American ticker will change from UUU to DCM.
The company said it has been developing real-world and financial asset tokenization technology through a subsidiary and tokenized silver as its first project. It plans to expand into providing tokenization technology, investing in cryptocurrencies and tokenized assets, and running quantitative trading and market-making businesses.