String Metaverse touches roof on securing Canadian Fintech License
String Metaverse is currently trading at upper limit of Rs. 171.45, up by 8.15 points or 4.99% from its previous closing of Rs. 163.30 on the BSE.
The scrip opened at Rs. 171.45 and has touched a high and low of Rs. 171.45 and Rs. 171.45 respectively. So far 5920 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.45 on 16-Jun-2025 and a 52 week low of Rs. 11.79 on 31-Oct-2024.
Last one week high and low of the scrip stood at Rs. 171.45 and Rs. 163.30 respectively. The current market cap of the company is Rs. 1996.23 crore.
The promoters holding in the company stood at 89.03%, while Non-Institutions held 10.97% stake in the company.
String Metaverse has officially received its Fintech License (MSB registration No: C100000472, Licence No: 1503140) from FINTRAC Canada, headquartered in Vancouver. In alignment with this significant milestone, the Canadian company will undergo a strategic rebranding to STRING PAY X, with the name change to be reflected across all regulatory and operational platforms within the next 60 days.
This license marks a pivotal expansion for String Metaverse, empowering it to launch comprehensive Web3-enabled digital banking services, including: Issuance of Virtual Debit Cards; Cross-Border Wire Transfers; Full-suite Payment Solutions for businesses and individuals; Virtual Corporate Accounts; and Seamless Crypto-to-Fiat On-Ramp and Off-Ramp capabilities.
String Metaverse is uniquely positioned at the convergence of gaming, digital assets, and fintech. With an existing user base of 4 million gamers, projected to reach 10 million, the company will leverage this license to issue Virtual Visa and Mastercard Debit Cards, fully integrated with Apple Pay and Google Pay. This enables instant global payments at over 170 million merchants across both physical and digital platforms.
The company is into the business of manufacturing, trading & various other activities relating to all kinds & classes of paper like Board, Kraft writing paper etc.
