Mr. Richard Zhou reports

BLOCKCHAIN VENTURE CAPITAL INC. ANNOUNCES PROGRESS TOWARD TRADING OF COMPANY'S CADT STABLECOIN

Blockchain Venture Capital Inc. has successfully bridged its proprietary BVC Chain -- a private blockchain platform and distributed ledger technology -- with Polygon, a public blockchain platform designed to create a multichain blockchain system compatible with ethereum. The development of this prototype paves the first step, subject to the necessary regulatory approvals being obtained, toward trading capabilities between Blockchain Venture's CADT stablecoin and many other cryptocurrencies.

Blockchain Venture's CADT stablecoin is the first stablecoin in Canada to be fully backed by Canadian dollars held in custody by a federally regulated Canadian financial institution. Blockchain Venture's CADT stablecoin is designed to reduce and/or eliminate the volatility often associated with bitcoin and most other non-stablecoin cryptocurrencies.

Subject to approval from Canadian securities regulators, Blockchain Venture's CADT stablecoin could, in the future, be purchased and traded on select cryptocurrency trading platforms that are registered as securities dealers in compliance with Canadian securities laws.

The company has commenced the preparation of a monthly reconciliation statement between the Canadian dollars held in escrow with a recognized Canadian financial institution and the company's CADT stablecoin currently in circulation. The company intends to publish this statement on the Blockchain Venture's official site and on the 15th day of every succeeding month.

In recent years, stablecoins -- a type of cryptocurrency originally designed to maintain a stable value relative to a traditional currency or asset -- have emerged as a popular alternative to traditional cryptocurrencies as they offer the benefits of cryptocurrencies while intending to reduce volatility.

The company's BvcPay mobile app enables users to submit CADT digital transactions on the blockchain 24/7/365, allowing them to exchange CADT for the Canadian dollar equivalent within three business days and to receive low-fee cost transactions as compared to traditional banking methods.

"We are thrilled to have accomplished the bridge of our BVC Chain platform with the public Polygon blockchain platform," said Blockchain Venture president and chief executive officer Richard Zhou. "This milestone opens the opportunity, subject to regulatory approval, for our CADT stablecoin to be traded with most other major cryptocurrencies.

"As the first stablecoin in Canada to be directly and immediately connected to a traditional financial institution, thereby ensuring real-time verification and transparency, our CADT has the opportunity to take the lead in the industry and, through the company's co-operation with Canadian regulators, realize substantial compliance in Canada and various parts of the world," added Mr. Zhou. "Such a process, we believe, would result in substantial revenue for BVCI."

About Blockchain Venture Capital Inc.

Blockchain Venture is an Ontario incorporated company and is registered as a money service business with the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC). It is a provider of an innovative technology infrastructure to participants in the emerging blockchain and distributed ledger technology industry.

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