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RNS - tokentus investment AG invests USD 150,000 in the Lava Foundation's token sale to further develop the DePIN blockchain infrastructure project Lava Network

Company: Tokentus Investment AG Date: 2024-05-24 Language: English Register to download
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 News Details

Corporate | 24 May 2024 07:00

#   

tokentus investment AG invests USD 150,000 in the Lava Foundation’s token sale to further develop the DePIN blockchain infrastructure project Lava Network

EQS-News: tokentus investment AG / Key word(s): Investment  

tokentus investment AG invests USD 150,000 in the Lava Foundation's token sale to further develop the DePIN blockchain infrastructure project Lava Network  

24.05.2024 / 07:00 CET/CEST  

The issuer is solely responsible for the content of this announcement.  

**tokentus investment AG invests USD 150,000 in the Lava Foundation’s token sale to further develop the DePIN blockchain infrastructure project Lava Network**

-   With a peer-to-peer network of node operators, Lava Network provides the data layer that allows developers to create projects on blockchains
-   Lava Network positions itself as a decentralized physical infrastructure (DePIN) and democratizes the provision of data services for blockchains and projects
-   This token round totalling USD 11 million took place ahead of the mainnet launch and airdrop in the coming months
-   tokentus invests USD 150,000 in this private token round

Frankfurt am Main, 24. May 2024 – Frankfurt-based tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D) acquires Lava tokens for USD 150,000 as part of the current token issuance by the Lava Foundation, based in the Cayman Islands. The Lava Foundation is the only institution issuing Lava tokens and deciding on the roadmap for the network until the DAO (decentralized autonomous organization) is live on the mainnet.

By its own positioning, Lava Network is a modular network that focuses on providing access to every blockchain and rollup. Subscribers to the Lava Foundation’s $11 million pre-mainnet token round included VCs and individual investors in the Web3 space, namely TPC Ventures, Ash Crypto, CryptoLark, Polygon founder Sandeep Nailwal, Manifold Trading, CryptoTimes Japan, Animoca Brands, Gate Ventures, Gecko Ventures, the founders of eToro, as well as blockchain-related media companies such as Le Journal Du Coin and The Rollup.

The Lava Network infrastructure is currently in the testnet phase. According to the Foundation, the funds raised in this token round will be used for the further development of Lava Network, with the initial focus on simplifying blockchain access for developers and users through Remote Procedure Call (RPC). Other data infrastructures, such as indexing, subgraphs or sequencing, will be supported later.

With RPC requests, applications send and retrieve data from blockchains, enabling essential user activities such as sending transactions, retrieving account balances, receiving airdrops, or providing smart contracts.

According to Lava, this bootstrapping mechanism called incentivized public RPC (ipRPC) has already been adopted by NEAR Protocol, Evmos and Axelar and has distributed 220,000 tokens to node runners in the last quarter alone. As stated by Lava, it has connections to Filecoin Network, Starknet, Cosmos Hub, Stargaze, Secret Network and others. According to Lava, developers and users currently have access to over 35 blockchains in the Lava test network.

This token round follows a $15 million seed round in 2023, managed by MagmaDevs, formerly known as Lava Protocol Inc., and main contributor of Lava, which was announced in February 2024. Jump Capital, HashKey Capital and Tribe Capital co-led this equity round, with participation from North Island Ventures, Dispersion Capital, Alliance DAO, Node Capital, Finality Capital Partners, and others. Executives from Celestia, Cosmos, StarkWare, Filecoin and other blockchain ecosystems participated in the round.

“With the Lava token, we as tokentus are specifically investing into decentralized physical infrastructure, or DePIN, for the first time, which is an important and new area of blockchain infrastructure in our opinion,” says Oliver Michel, CEO of tokentus investment AG. “The investment is deliberately made into the Lava token and not into the equity of the main contributor, as we at tokentus, after assessing the situation, expect more potential from the performance of the Lava token in the Lava ecosystem than from the increase in value of the company’s share in MagmaDevs,” adds Benedikt Schulz, Investment Manager at tokentus. “In the opinion of tokentus, the team behind Lava Network consists of long-time industry veterans with outstanding technical backgrounds,” adds Mona Tiesler, Investment Manager at tokentus.

**About tokentus investment AG**

tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.

With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures and does fund-of-funds investments. Thus shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.

For further information see: [](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=edd33fcd7a454a59da8d6d2df1826ca9&application_id=1910209&site_id=news_data&application_name=news)[www.tokentus.com](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=edd33fcd7a454a59da8d6d2df1826ca9&application_id=1910209&site_id=news_data&application_name=news)

**Disclaimer**

This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The securities have already been sold.

**Contact for queries**

Oliver Michel  

CEO der tokentus investment AG  

Tel: +49 175 7222 351  

contact@tokentus.com  

[www.tokentus.com](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=02727781b5a3545e2e5d1868e2588239&application_id=1910209&site_id=news_data&application_name=news)

  

- - -

24.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | tokentus investment AG |
|     | Taunusanlage 8 c/o WeWork |
|     | 60329 Frankfurt |
|     | Germany |
| E-mail: | contact@tokentus.com |
| Internet: | www.tokentus.com |
| ISIN: | DE000A3CN9R8 |
| WKN: | A3CN9R |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich (m:access) |
| EQS News ID: | 1910209 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | EQS News Service |

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