DGAP-News 167 0 Kommentare Advanced Blockchain AG Has Invested in Obol Technologies

DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchain AG Has Invested in Obol Technologies

19.10.2021 / 08:59
The issuer is solely responsible for the content of this announcement.

Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) participated in the Obol Technologies seed financing round with a 6-figure investment. The company invested alongside significant investors including Ethereal Ventures, Acrylic, Coinbase, and several top angel investors within this space.

Obol Technologies (https://obol.tech/) is an open-source and permissionless infrastructure protocol made for staking digital assets. Its mission is to serve as the primary coordination layer for trustless and configurable staking on public blockchain networks. Designed to incentivize collaboration at the network operator level, Obol will provide all network participants with a new primitive for trustless and resilient network validation.

Obol accomplished this as a Secret Shared Validator (SSV) network that enables the provisioning of trustless infrastructure on the Ethereum Network. This SSV is a joint research and development effort, commissioned by the Ethereum Foundation in conjunction with the Obol founding team.

With a focus of producing trustless validation as a permissionless good for public networks, Obol aligns with Advanced Blockchain's mission: to drive forward innovation and advancements within the blockchain industry, ultimately providing users with maximized benefits.

This investment will enable Obol to further develop their technology to provide institutions, self-stakers, and pool operators the ability to create their own staking environments. The staking environments will have superior fault tolerance, resiliency, and robustness without the need to integrate multiple providers or deploy complex infrastructure configuration.

This will be a positive addition to Advanced Blockchain's existing investment portfolio, with many visible synergies amongst its portfolio companies.

Further information on Advanced Blockchain AG and its other projects and investments can be found at https://www.advancedblockchain.com/.

19.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1241692