U.S. safety products firm to rebrand as DeFi Capital Markets on Oct. 19

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.