“Once acquired the necessary licenses, we plan to list many new assets and asset classes followed by their communities and will pivot into the area of gaming, skill/social gaming and everything around network effects in the next half year.”
Web3 Investco AG has signed a definitive agreement to buy 100 percent of the voting shares of Luxembourg-headquartered Blocktrade, a digital asset marketplace that facilitates investing in cryptocurrencies.
Blocktrade, which holds a VASP (Virtual Asset Service Provider) registrations in Estonia and in Italy, operates and develops a crypto investment platform for all things around gamification, social gaming and networking.
The acquisition will take place as the crypto platform prepares to launch Blocktrade 2.0 – a new interface offering 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 mini-games
Web3 Investco AG is a private equity firm based in the Crypto Valley of Zug, Switzerland, is focused on investments in targeted segments of the blockchain technology, payment services and software industries.
By changing hands from Elite Club Foundation to Web3 Investco AG, Blocktrade will be able to further develop its products, payment methods and crucial features like staking and other new asset classes such as tokenized shares and connected mini-games.
Behind the new shareholder 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 of 2022 and joined the firm after holding senior positions at various international financial institutions and private equity firms, including Cerberus, HCOB and other European banks.
“Blocktrade will highly benefit from the vast industry knowledge and extensive network of its new shareholder and the people behind it and I am really looking forward to shaping the way of Blocktrade together with the new shareholders […] Once acquired the necessary licenses, we plan to list many new assets and asset classes followed by their communities and will pivot into the area of gaming, skill/social gaming and everything around network effects in the next half year” said Christian Niedermüller, CEO of Blocktrade.