Advanced Blockchain AG: Portfolio company peaq raises USD 20 million through
public token launch on CoinList

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency /
Blockchain/Miscellaneous
Advanced Blockchain AG: Portfolio company peaq raises USD 20 million through
public token launch on CoinList

21.05.2024 / 11:58 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Advanced Blockchain AG: Portfolio company peaq raises USD 20 million through
public token launch on CoinList

May 21, 2024 - Advanced Blockchain AG ('AB', Scale Frankfurt, Primary Market
Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in
the blockchain industry, is pleased to announce that its portfolio company
peaq, a leading Layer 1 blockchain for Decentralized Physical Infrastructure
Networks (DePIN), has successfully raised USD 20 million in a public token
launch on the CoinList platform. The transaction was based on a valuation of
USD 333 million and was one of the most successful launches on the platform
in over two years, with 14,500 investors and around USD 36 million in total
contributions, according to CoinList.

peaq uses blockchain technology to develop decentralized applications
(dApps) and real infrastructure projects. Innovative projects in the peaq
ecosystem include charge.xyz, an app that will allow users to register their
chargers and electric vehicles with peaq IDs, and farmsent.io, a platform
for the agricultural industry. These projects illustrate how peaq is
transforming the physical world through digital mapping using blockchain
technology and tokens.

DePIN is currently regarded as one of the most significant trends in the
blockchain sector. According to the analysis portal Messari, the value of
the DePIN sector could rise to USD 3.5 trillion by 2028. More than 25
applications in eight different sectors are already running on the peaq
blockchain. Over 400,000 devices, vehicles, machines and robots (Machine
RWAs) are already integrated and actively using the platform. peaq is
therefore the fastest growing DePIN ecosystem worldwide.

Back in March 2024, Advanced Blockchain AG announced that its portfolio
company peaq had successfully raised USD 15 million in a Series A financing
round led by Generative Ventures and Borderless Capital.

Simon Telian, CEO of AB, comments: 'The successful funding round in March
this year and the remarkable token launch on CoinList are significant
milestones for peaq and underline the enormous potential of DePIN. We are
proud to accompany peaq on this journey and actively shape the future of
decentralized infrastructure.'



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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21.05.2024 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:    1907761

End of News EQS News Service
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1907761 21.05.2024 CET/CEST