SecureTech Forms Joint Venture With QSTAK to Tokenize Real-World Assets
Bitget2026/10/27 12:32- SecureTech Innovations formed the QSTAK Market joint venture to tokenize real-world assets using QSTAKCHAIN.
- Piranha Blockchain owns 57% of the venture, QSTAK Holding holds 38%, and Craft Capital Management owns 5%.
- The venture received a royalty-free sublicense to QSTAK technologies under its parent’s perpetual, exclusive, worldwide license.
- License consideration totals up to $22 million in Series B Preferred Stock, including $6 million earned at closing; remaining payments are milestone-based.
- Separately, SecureTech acquired a net 15% stake in QSTAK Holding for $4.5 million in Series A Preferred Stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vodafone (VOD.US) Swings to Loss in First Half, German Operations Major Drag
Vodafone (VOD.US) released its financial results for the first half of fiscal year 2027.
AI gamble backfires! Data center project writedowns and weak tech stock positions drag down SoftBank (SFTBY.US) to a Q2 loss of $7.1 billion
SoftBank recorded its first net loss in nearly two years due to a $3.7 billion impairment loss arising from a U.S. data center project, coupled with mounting market concerns over the sustainability of artificial intelligence (AI) growth impacting the investment giant’s key holdings.
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish
CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.
JPMorgan raises target prices for Target and Walmart
Crypto prices
More
