EQS-News

Advanced Blockchain AG establishes ABX Ventures in Switzerland and forges strategic alliances with the Crypto Valley Association as well as Modulai

EQS-News: Advanced Blockchain AG / Key word(s): Alliance/Cryptocurrency / Blockchain Advanced Blockchain AG establishes ABX Ventures in Switzerland and forges strategic alliances with the Crypto Valley Association as well as Modulai 07.05.2024 / 11:08 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG establishes ABX Ventures in Switzerland and forges strategic alliances with the Crypto Valley Association as well as Modulai

May 7, 2024 – Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, announces its recent integration into the esteemed ecosystem of the Crypto Valley Association, solidifying its commitment to pioneering advancements in the blockchain and cryptocurrency space. The Crypto Valley Association, renowned as Switzerland's premier blockchain and cryptocurrency hub, has been instrumental in nurturing growth, fostering collaboration, and upholding integrity within the global blockchain economy since its inception in 2017.

With the establishment of the wholly owned subsidiary ABX Ventures AG in Zug, Switzerland, Advanced Blockchain is strategically poised to capitalize on emerging opportunities within this dynamic region. This expansion enables AB to sharpen the focus on delivering service-oriented software solutions, fortifying the robust business model in strategic investments.

The establishment ABX Ventures AG marks the culmination of the gradual development of the AI-supported research platform "ABX Analytics," first introduced in 2023. Advanced Blockchain aims to broaden its strategic focus on recurring revenue streams. ABX Ventures AG will spearhead these efforts under the new ABX brand. Simultaneously, investments in strategic projects will continue in 2024 in accordance with the original business model.

In line with dedication to innovation, Advanced Blockchain AG recently formed a partnership with Stockholm based Modulai, a company specializing in machine learning, and artificial intelligence. This collaboration aims to strengthen the ABX Analytics product and refine the AI components integrated within it. Modulai has a track record of involvement in creating top-tier market solutions, such as EQT Group, among others.