===
EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous
Advanced Blockchain AG: Portfolio Company peaq selected for award-winning Mastercard program
2024-05-16 / 13:40 CET/CEST
The issuer is solely responsible for the content of this announcement.
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


2024-05-16 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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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
===
1905097 2024-05-16 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1905097&application_name=news

END) Dow Jones Newswires

May 16, 2024 07:40 ET (11:40 GMT)