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BlockchainK2 Corp
Symbol BITK
Shares Issued 16,250,687
Close 2020-10-29 C$ 0.30
Recent Sedar Documents

BlockchainK2 invests $200,000 (U.S.) in RealBlocks

2020-10-29 17:43 ET - News Release

Mr. Sergei Stetsenko reports

BLOCKCHAINK2 ANNOUNCES INVESTMENT IN REALBLOCKS

BlockchainK2 Corp. has invested in Envexergy Inc. (RealBlocks), a modern blockchain-enabled platform that provides a global investment platform for alternative investments -- real estate, infrastructure, and private equity and debt -- while improving the investment experience for wealth managers, advisers and investors.

BlockchainK2 invested $200,000 (U.S.) as part of RealBlocks' $7-million (U.S.) Series A round of financing. This financing was oversubscribed and led by an investment by Crosslink Capital, a prominent venture investor based in Palo Alto that manages over $1.8-billion (U.S.) in assets under management. BlockchainK2's investment allows it to maintain its pro rata share of RealBlocks and adds to its previous $500,000 (U.S.) investment in RealBlocks, which was completed in July of 2019 as part of a $3.1-million (U.S.) seed round of financing by RealBlocks.

Sergei Stetsenko, chief executive officer of BlockchainK2, stated: "We expect that our continued investment in RealBlocks will provide shareholders value in the long term, and we are pleased to see significant valuation uplift from the seed round completed last year. We believe that RealBlocks is at the forefront of potential for growth, and we are excited to be an investor in RealBlocks and to have reputable firms such as Crosslink Capital share the same vision."

About BlockchainK2 Corp.

BlockchainK2 is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization. The company is currently invested in RealBlocks, a technology platform for private equity, private credit and real estate that provides tokenized secondary trading of LP interests. The company also has executed a joint venture agreement with Standard Power, an industrial-scale cryptocurrency mining facility with very low power costs in the United States.

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