- Blockmate Ventures (TSXV:MATE) reports that its majority-owned subsidiary, Hivello, has received a strategic investment from Tony G, a well-known blockchain investor and entrepreneur
- The news follows a C$1.4 million investment in Blockmate Ventures led by Tony G in December
- Blockmate Ventures is building fast-growing technology businesses active in blockchain, artificial intelligence (AI) and renewable energy
- Blockmate Ventures stock has added 393.75 per cent year-over-year
Blockmate Ventures (TSXV:MATE) reports that its majority-owned subsidiary, Hivello, has received a strategic investment from Antanas Guoga, known as Tony G, a blockchain investor and entrepreneur with an established track record of scaling projects and creating value.
Tony G is a director and former chairman of Sol Strategies (CSE:HODL), an investment firm specializing in blockchain, AI and decentralized technologies, whose shares have added over 580 per cent since a September 2024 rebrand from Cypherpunk Holdings.
Guoga was a Member of the European Parliament from 2014-2019, where he advocated for clearer blockchain regulations and the adoption of decentralized solutions.
According to Friday’s news release, “his global network and deep understanding of the intersection between policy, technology and finance make him a valuable partner for companies shaping the future of Web3.”
Hivello is a decentralized physical infrastructure network (DePIN) aggregator that allows users to monetize idle computer resources across numerous decentralized networks.
Management believes Tony G’s investment highlights DePIN as a “major growth sector in Web3,” the news release continues, positioning Hivello “to become a key player in the next generation of blockchain-powered compute networks.”
The news follows a C$1.4 million investment in Blockmate Ventures led by Tony G on December 17, 2024.
Leadership insights
“Hivello is tackling one of the biggest challenges in DePIN—bridging complex infrastructure with everyday users,” Tony G said in a statement. “Their platform makes it incredibly easy for anyone to participate in and benefit from the decentralized economy. I see huge potential in their approach and am excited to support their journey.”
“Tony G’s investment is a strong validation of Hivello’s vision to simplify and scale decentralized physical infrastructure networks,” added Domenic Carosa, Hivello’s co-founder. “His deep expertise in blockchain and infrastructure scaling, combined with his ability to back high-growth projects, will help accelerate our mission to make DePIN accessible to millions of users worldwide.”
About Blockmate Ventures
Blockmate Ventures is building fast-growing technology businesses active in blockchain, artificial intelligence (AI) and renewable energy. The company’s leadership team has founded successful tech companies from the Dotcom era through to the social media era.
Blockmate Ventures stock (TSXV:MATE) is up by 9.72 per cent trading at C$0.20 per share as of 10:11 am ET. The stock has added 393.75 per cent year-over-year.
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