EQS-News

Advanced Blockchain AG: Portfolio Company peaq selected for award-winning Mastercard program

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous Advanced Blockchain AG: Portfolio Company peaq selected for award-winning Mastercard program 16.05.2024 / 13:40 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG: Portfolio Company peaq selected for award-winning Mastercard program

• peaq has joined the Mastercard Start Path program for Blockchain and Digital Assets.
• Through the program, peaq will explore ways to connect the DePIN sector with traditional finance (TradFi).
• Mastercard’s wide network of partners also opens the doors to new collaborations for the entire peaq ecosystem, facilitating innovative synergies between traditional finance and the Economy of Things.

May 16, 2024 – Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, announces that its portfolio company peaq has been selected by Mastercard for their Start Path - award-winning program providing global support for startups and high growth companies.

Founded in 2014, Start Path has supported more than 400 companies in the past decade, helping them access strategic partnerships, co-innovation opportunities, and engagement. Over the years, the program has expanded to reach new verticals, including fintechs focused on blockchain and digital assets.

Through the program, peaq will explore ways to connect the DePIN sector with traditional finance (TradFi). By joining the Start Path program, peaq has the opportunity to make transactions between its Decentralized Physical Infrastructure Networks (DePINs) and the fiat space immensely easier. Mastercard’s wide network of partners also opens the doors to new collaborations for the entire peaq ecosystem, facilitating innovative synergies between TradFi and the Economy of Things.