11 July 2024
Quantum
Blockchain Technologies Plc
(”QBT” or
“the Company”)
Forcrowd
Update
The Board
of Quantum Blockchain Technologies (AIM: QBT) is pleased to provide
an update on its investee company, Forcrowd Srl ("Forcrowd"), the
Italian equity-crowdfunding platform, in which it holds a 41%
stake.
Forcrowd
has recently secured registration with the European Securities and
Markets Authority (“ESMA”) as an authorised provider of
crowdfunding services per Regulation (EU) 2020/1503 with resolution
23169. This registration was achieved through a rigorous
application process conducted via CONSOB (the Italian financial
market regulatory authority) and the Bank of Italy (the Italian Central Bank). Forcrowd has
obtained authorisation to extend its crowdfunding licence across
all EU jurisdictions (“EU Passport”). The EU Passport enables
Forcrowd to offer its crowdfunding services – specifically hosting
campaigns and raising funds through investors – in other EU member
states, following a direct request to the relevant member state
authority.
The
successful EU Passport application was supported by professional
advisors such as Grant Thornton Financial Advisory Services
Srl that
have been instrumental in assisting Forcrowd throughout the process
and will continue to provide support.
Following
the complex ESMA authorisation process, Forcrowd is now planning to
relaunch its crowdfunding activities, with several campaigns
already in the pipeline and scheduled for launch in the second half
of 2024.
Forcrowd's
planned crowdfunding campaigns will focus primarily on two
sectors:
-
Real
Estate: supporting renovation, redevelopment and energy efficiency
of private and commercial properties.
-
Energy:
promoting sustainable growth through transition to renewable energy
using innovative solutions and technologies.
Francesco Gardin, CEO and Chairman of the Company
commented: “We are
delighted that Forcrowd has obtained its EU Passport following a
nearly year-long application procedure, which will allow them to
fully launch their crowdfunding operations in two strategic sectors
potentially across the whole of Europe; a significant increase in its
market.”
Quantum
Blockchain Technologies Plc
Francesco Gardin, CEO and Executive Chairman
+39 335
296573
SP
Angel Corporate Finance (Nominated
Adviser & Broker)
Jeff Keating
+44 (0)20
3470 0470
Kasia Brzozowska
Leander
(Financial
PR)
Christian Taylor-Wilkinson
+44 (0)
7795 168 157
About
Quantum Blockchain Technologies Plc
QBT (AIM:
QBT) is an AIM listed investment company with a strategic focus on
technology related investments, including a special regard towards
Quantum Computing, Blockchain, Cryptocurrencies and AI sectors. The
Company has an aggressive R&D and investment programme in the
dynamic world of Blockchain Technology, which includes
cryptocurrency mining and other advanced blockchain
applications.