Advanced Blockchain AG
Advanced Blockchain AG
- WKN: A0M93V
- ISIN: DE000A0M93V6
- Land: Deutschland
Nachricht vom 09.06.2021 | 10:10
Advanced Blockchain AG's portfolio company peaq closes EUR 2,5 million investment and announces plans for token launch
DGAP-News: Advanced Blockchain AG
/ Key word(s): Expansion/Cryptocurrency / Blockchain
Peaq Technology GmbH, a major holding of Advanced Blockchain AG (Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) has completed a financing round of EUR 2.5 million. The Berlin technology company receives the growth capital from the holding company Scherzer & Co. AG and Werner Geissler, former Vice-Chairman of Procter & Gamble, who are leading the financing round as lead investors, and from Meteoric VC. Advanced Blockchain AG provided support.
The capital will be used to expand and diversify peaq's blockchain solution offering for enterprise - to solve problems just as their e-mobility platform solves the fragmentation and range anxiety issues for electric vehicles using Self-Sovereign Identities (SSI) on a decentralized platform. The funds will also be used to build a sales and partnerships team to roll out new and existing solutions at scale.
peaq's public network
The newly announced public network will be a means for the value created by and for peaq's enterprise partners and customers to be exchanged across the entire Internet of Things, aiding in the creation of the 'Economy of Things'. In the Economy of Things, devices, machines, and vehicles can monetize and trade all kinds of value autonomously, securely, and without intermediaries - what peaq foresees as the natural next step of the Internet of Things (IoT). It will be a means of transaction that is not only secure and fast enough for the IoT and Economy of Things (EoT), but predictable in terms of transaction fees. The goal is to allow peaq's enterprise solutions to work even more efficiently, transparently and securely, while enabling unrestricted interoperability and value exchange across the entire EoT. With this move, peaq is also making their DAGchain technology available to the Web 3 ecosystem - the decentralized, next generation of the internet.
|Company:||Advanced Blockchain AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1206056|
|End of News||DGAP News Service|
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