“Once we get the necessary licenses, we plan to list many new assets and asset classes, followed by their communities, and over the next six months, we will focus on gaming, skill/social gaming and everything around network effects.”
Web3 Investco AG has signed a definitive agreement to purchase 100 percent of the voting shares of Blocktrade, headquartered in Luxembourg, a digital asset marketplace that facilitates investing in cryptocurrencies.
Blocktrade, which has a VASP (Virtual Asset Service Provider) registration in Estonia and Italy, operates and develops a crypto investment platform for everything around gamification, social gaming and networking.
The acquisition will take place as the crypto platform prepares to launch Blocktrade 2.0 – a new interface that offers users zero trading fees on most tokens, plus additional assets, new payment options and live chat support.
Blocktrade to launch staking, tokenized shares and connected minigames
Web3 Investco AG is a private equity firm based in the Crypto Valley of Zug, Switzerland, focusing on investments in targeted segments of the blockchain technology, payment services and software industries.
By moving from Elite Club Foundation to Web3 Investco AG, Blocktrade will be able to further develop its products, payment methods and critical features such as staking and other new asset classes such as tokenized shares and connected minigames.
Behind the new shareholders of Blocktrade are Ralf Glabischnig, Hubertus Thonhauser, Bernhard Koch and the current CEO of Blocktrade SA, Christian Niedermüller.
Christian Niedermüller was appointed CEO of Blocktrade in February 2022 and joined the company after holding senior positions at several international financial institutions and private equity firms, including Cerberus, HCOB and other European banks.
“Blocktrade will greatly benefit from the vast knowledge of the industry and the vast network of its new shareholder and the people behind it and I am really looking forward to shaping the path of Blocktrade together with the new shareholders. […] Once we have obtained the necessary licenses, we plan to list many new assets and asset classes, followed by their communities and will focus on gaming, skill/social gaming and everything around network effects over the next six months.” , said Christian Niedermüller, CEO of Blokhandel.