BlockchainK2 Announces Investment in RealBlocks
2020-10-29 17:30 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2020) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (STU: KRL2) ("BlockchainK2" or the "Company") is pleased to announce an investment in Envexergy Inc. ("RealBlocks"), a modern blockchain-enabled platform that provides a global investment platform for alternative investments - real estate, infrastructure and private equity and debt - while improving the investment experience for wealth managers, advisors and investors.
BlockchainK2 invested U.S.$200,000 as part of RealBlocks' U.S.$7 million series A round of financing. This financing was oversubscribed and led by an investment by Crosslink Capital, a prominent venture investor based in Palo Alto that manages over U.S.$1.8 billion in AUM. BlockchainK2's investment allows it to maintain its pro rata share of RealBlocks and adds to its previous U.S.$500,000 investment in RealBlocks, which was completed in July of 2019 as part of a U.S.$3.1 million seed round of financing by RealBlocks.
Sergei Stetsenko, CEO of BlockchainK2 stated: "We expect that our continued investment in RealBlocks will provide shareholders value in the long term and we are pleased to see significant valuation uplift from the seed round completed last year. We believe that RealBlocks is at the forefront of potential for growth and we are excited to be an investor in RealBlocks and to have reputable firms such as Crosslink Capital share the same vision."
Additional information about RealBlock's recent U.S.$7 million series A round of financing can be found in its press release, which was disseminated over Business Wire and available at https://www.businesswire.com/news/home/20201029005778/en/RealBlocks-Secures-7-Million-in-Series-A-Financing-to-Enable-and-Scale-Digital-Access-to-the-Surging-Alternative-Investments-Market.
About BlockchainK2 Corp.
BlockchainK2 Corp. is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization. The Company is currently invested in RealBlocks, a technology platform for private equity, private credit and real estate that provides tokenized secondary trading of LP interests. The Company also has executed a joint venture agreement with Standard Power, an industrial scale crypto currency mining facility with very low power costs in the United States. For information on BlockchainK2 Corp., please visit www.blockchaink2.com.
For further information, please contact:
Sergei Stetsenko, CEO
604-630-8746
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This press release contains statements which constitute "forward-looking statements", including information concerning the intentions, plans and future action of the Company described herein. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of a public company, currently with limited business and financial resources, as well as those risk factors discussed or referred to in the Company's continuous disclosure record available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67149
