- Business
- Santo Mining Corp. (OTC Pink: SANP), doing business as OTCM Protocol, Inc. and formerly known as Groovy Company, Inc., operates as a blockchain technology company focused on tokenizing over-the-counter (OTC) securities to create liquid markets for illiquid stocks; it develops Solana-based layer-2 platforms featuring Security Meme Tokens (SMTs) backed 1:1 by Series M Preferred Shares held in SEC-registered custody, smart contracts for permanent liquidity pools using bonding curves, the proprietary Howey Shield regulatory compliance framework to classify tokens as commodities under SEC guidelines, and supporting infrastructure for asset-backed tokenization, decentralized finance (DeFi) applications, and community-driven trading mechanisms; additional offerings encompass non-fungible token (NFT) development, digital-to-physical asset tokenization, extended reality solutions, and Internet of Things integrations through subsidiaries like Santo Blockchain Labs.
The company targets OTC-listed micro-cap firms and their shareholders facing liquidity challenges, serving the global blockchain and cryptocurrency sectors with operations spanning the United States, Colombia, Vietnam, Panama, and Latin America; it maintains development teams in Medellin, Colombia, and pursues expansion into regional crypto conferences and markets including Uruguay and Mexico.
Founded in 2009 and incorporated in Nevada, Santo Mining Corp. originally pursued dental information services and teeth-whitening before pivoting to precious metals exploration in 2012, blockchain and cryptocurrency development by 2017, cannabis industry PaaS solutions, and its current OTC tokenization focus; it is headquartered at 12 Daniel Rd East, Fairfield, NJ 07004, following a relocation in September 2025, with previous bases in Aventura, Florida; Atlanta, Georgia; and Wyoming.
In May 2025, the company rebranded from Santo Mining Corp. to Groovy Company Inc., followed by a further corporate dba shift to OTCM Protocol, Inc. in September 2025 to emphasize its blockchain pivot; it appointed a new executive team on September 25, 2025, including Berge Abajian as CEO and Vice Chairman, Patrick Mokros as COO and Secretary, and Frank Yglesias as CTO and Chairman, each holding 20% voting membership; on September 29, 2025, OTCM Protocol launched Security Meme Tokens to address the $50 billion OTC liquidity crisis, enabling 24/7 trading of tokenized illiquid stocks; and on October 1, 2025, it filed a USPTO trademark for the Howey Shield framework, enhancing DeFi compliance for meme tokens backed by real securities.