QBT.L

Quantum Blockchain Technologies Plc
Quantum Blockchain Technologies Plc - ForCrowd European Licence
11th July 2024, 06:00
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11 July 2024

Quantum Blockchain Technologies Plc

("QBT" or "the Company")

Forcrowd Update

The Board of Quantum Blockchain Technologies (AIM: QBT) is pleased to provide an
update on its investee company, Forcrowd Srl ("Forcrowd"), the Italian equity
-crowdfunding platform, in which it holds a 41% stake.

Forcrowd has recently secured registration with the European Securities and
Markets Authority ("ESMA") as an authorised provider of crowdfunding services
per Regulation (EU) 2020/1503 with resolution 23169. This registration was
achieved through a rigorous application process conducted via CONSOB (the
Italian financial market regulatory authority) and the Bank of Italy (the
Italian Central Bank). Forcrowd has obtained authorisation to extend its
crowdfunding licence across all EU jurisdictions ("EU Passport"). The EU
Passport enables Forcrowd to offer its crowdfunding services - specifically
hosting campaigns and raising funds through investors - in other EU member
states, following a direct request to the relevant member state authority.

The successful EU Passport application was supported by professional advisors
such as Grant Thornton Financial Advisory Services Srl that have been
instrumental in assisting Forcrowd throughout the process and will continue to
provide support.

Following the complex ESMA authorisation process, Forcrowd is now planning to
relaunch its crowdfunding activities, with several campaigns already in the
pipeline and scheduled for launch in the second half of 2024.

Forcrowd's planned crowdfunding campaigns will focus primarily on two sectors:

  · Real Estate: supporting renovation, redevelopment and energy efficiency of
private and commercial properties.
  · Energy: promoting sustainable growth through transition to renewable energy
using innovative solutions and technologies.

Francesco Gardin, CEO and Chairman of the Company commented: "We are delighted
that Forcrowd has obtained its EU Passport following a nearly year-long
application procedure, which will allow them to fully launch their crowdfunding
operations in two strategic sectors potentially across the whole of Europe; a
significant increase in its market."

Quantum Blockchain Technologies Plc
Francesco Gardin, CEO and Executive Chairman +39 335 296573

SP Angel Corporate Finance (Nominated Adviser & Broker)
Jeff Keating +44 (0)20 3470 0470
Kasia Brzozowska

Leander (Financial PR)
Christian Taylor-Wilkinson +44 (0) 7795 168 157

About Quantum Blockchain Technologies Plc

QBT (AIM: QBT) is an AIM listed investment company with a strategic focus on
technology related investments, including a special regard towards Quantum
Computing, Blockchain, Cryptocurrencies and AI sectors. The Company has an
aggressive R&D and investment programme in the dynamic world of Blockchain
Technology, which includes cryptocurrency mining and other advanced blockchain
applications.


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