DGAP-News: Advanced Blockchain AG's portfolio company peaq closes EUR 2,5 million investment and announces plans for token launch
Peaq Technology GmbH, a major holding of Advanced Blockchain AG (Frankfurt, primary market Dsseldorf, XETRA: ISIN DE000A0M93V6) has completed a financing round of EUR 2.5 million.
- Peaq Technology GmbH, a major holding of Advanced Blockchain AG (Frankfurt, primary market Dsseldorf, XETRA: ISIN DE000A0M93V6) has completed a financing round of EUR 2.5 million.
- The funding is part of a larger company financing endeavor taking place under the peaq brand which comprises of peaq enterprise and peaq network.
- peaq enterprise will use the funds to continue to focus on blockchain for enterprise, while the newly announced peaq network will be responsible for the public network and token.
- peaq enterprise is aimed at enterprise customers and is the business arm that drives development for the public peaq network.