Advanced Blockchain AG: Portfolio Company peaq selected for award-winning
Mastercard program

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency /
Blockchain/Miscellaneous
Advanced Blockchain AG: Portfolio Company peaq selected for award-winning
Mastercard program

16.05.2024 / 13:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Advanced Blockchain AG: Portfolio Company peaq selected for award-winning
Mastercard program

  * peaq has joined the Mastercard Start Path program for Blockchain and
    Digital Assets.

  * Through the program, peaq will explore ways to connect the DePIN sector
    with traditional finance (TradFi).

  * Mastercard's wide network of partners also opens the doors to new
    collaborations for the entire peaq ecosystem, facilitating innovative
    synergies between traditional finance and the Economy of Things.

May 16, 2024 - Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market
Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in
the blockchain industry, announces that its portfolio company peaq has been
selected by Mastercard for their Start Path - award-winning program
providing global support for startups and high growth companies.

Founded in 2014, Start Path has supported more than 400 companies in the
past decade, helping them access strategic partnerships, co-innovation
opportunities, and engagement. Over the years, the program has expanded to
reach new verticals, including fintechs focused on blockchain and digital
assets.

Through the program, peaq will explore ways to connect the DePIN sector with
traditional finance (TradFi). By joining the Start Path program, peaq has
the opportunity to make transactions between its Decentralized Physical
Infrastructure Networks (DePINs) and the fiat space immensely easier.
Mastercard's wide network of partners also opens the doors to new
collaborations for the entire peaq ecosystem, facilitating innovative
synergies between TradFi and the Economy of Things.

DePINs operate in real-world economies, which makes integrating traditional
infrastructure, compliance, and legal frameworks critical for them to scale
to billions of users. Decentralization is a gradual process, and peaq looks
forward to advancing this process by another notch, making the prospect of
large-scale DePIN payment solutions more realistic. With a wide variety of
synergies to explore, DePINs could get the tools for frictionless mass
adoption while staying true to Web3 values. Through Start Path, peaq has the
opportunity to accelerate adoption, ensure compliance and legitimacy, and
foster trust and user empowerment in Web3 and beyond.

"A smooth and familiar user experience is crucial for DePIN and Web3
adoption. The Mastercard Start Path will help pave the way to easy
interactions between DePINs and TradFi services, enabling millions of Web2
natives to join this transition. The world is moving from Web2 to Web3.
Incumbents have a choice: adapt or become irrelevant," comments Till
Wendler, co-founder of peaq.

"As digital assets become increasingly mainstream, Mastercard is embracing
opportunities to support and collaborate with fintechs to build the future
of blockchain and digital assets innovation through the Start Path
engagement program. Mastercard has selected peaq to join its ecosystem of
innovators and will provide opportunities to access its network of partners,
mentorship opportunities and resources to support their scaling journey,"
comments Sabrina Tharani, SVP of Global Fintech Programs at Mastercard.

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA:
ISIN DE000A0M93V6) is a venture builder and investor in the blockchain
industry with an extensive network of analysts, developers, programmers,
economists, and mathematicians. Advanced Blockchain AG is dedicated to
developing the future of Web 3.0 and innovating in different ecosystems and
markets of the industry.

For more information about Advanced Blockchain AG, its various projects, and
investments, please visit https://www.advancedblockchain.com/.


Contact:
ir@advancedblockchain.com


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16.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Advanced Blockchain AG
                   Scharnhorststraße 24
                   10115 Berlin
                   Germany
   Phone:          +4930403669510
   Fax:            030403669511
   E-mail:         info@advancedblockchain.com
   Internet:       www.advancedblockchain.com
   ISIN:           DE000A0M93V6
   WKN:            A0M93V
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf
                   (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1905097

End of News EQS News Service
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1905097 16.05.2024 CET/CEST