Groovy Company is developing OTCM Protocol, a blockchain-based platform that tokenizes securities of OTC microcap companies. The platform creates "ST22 Security Tokens" — digital tokens on the Solana blockchain backed 1:1 by Series "M" Preferred Shares of OTC microcap companies, held in custody by an SEC-registered transfer agent. The stated goal is to create liquid markets for OTC securities that otherwise have little or no trading activity. Groovy targets OTC microcap companies as issuers, who use the platform to tokenize their shares. The platform claims differentiation through a proprietary regulatory compliance framework, a custom automated market maker engine that does not rely on external decentralized exchanges, and integration with a traditional SEC-registered transfer agent for custody. As of end of 2025, the platform was 67% complete, with 3 companies having gone through beta testing. Groovy is pre-revenue and has not disclosed specific fee structures or monetization plans. The company has a meandering history, having started as a dental internet portal in 2009, pivoted to precious metals mining in 2012, then shifted to blockchain and web3 software development. In early 2025, Groovy exchanged its assets for an 87% controlling interest in Pineapple Express Cannabis Company, while retaining the OTCM Protocol as a platform-as-a-service for that cannabis company. Groovy employs three executive officers and a 12-person software development team.
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