(Alliance News) - Vela Technologies PLC said Friday its 1.8% investee BlockchainK2 Corp has made a USD500,000 investment in Envexergy Inc, which trades as blockchain investment network RealBlocks.
Blockchain investor BlockchainK2's USD500,000 funding closes off RealBlocks's seed round financing, and adds to prior investments of USD3.1 million earlier this year by various venture capital funds.
"RealBlocks' tokenization solution enables more efficient capital raising, more cost-effective compliance, simpler documentation and, most importantly, offers secondary trading of illiquid alternative assets. The RealBlocks network also enables broader distribution of alternative private financial assets, lower costs to investors and distributors, and liquidity and transparency in secondary markets," said BlockchainK2 Director Sergei Stetsenko.
Shares in Vela Technologies were up 7.9% in London at 0.10 pence on Friday.
Vela Technologies (VELA)