NoviqTech secures strategic funding to advance blockchain innovation and sustainability initiatives
Distributed ledger technology specialist NoviqTech (ASX: NVQ) has received firm commitments for $1,050,000 to fast-track the development of its blockchain-powered solutions, in a placement managed by leading Melbourne boutique Peak Asset Management.
The placement received strong support from international blockchain innovator Antanas Guoga, as well as several industry professionals who bring invaluable knowledge and strategic leadership in the blockchain and cryptocurrency sectors.
Their backing of NoviqTech represents a commitment to the company’s innovative approach and confidence in blockchain’s transformative potential.
Blockchain applications
Better known as Tony G, Mr Guoga is chair and major shareholder of Solana Strategies, a Canada-based holding vehicle established to invest in technologies and cryptocurrencies that has seen close to a tenfold increase in its shares over the past two months and recently reached a market capitalisation of over $300m.
NoviqTech chief executive officer Freddy El Turk said these individuals’ commitment to driving blockchain applications with social impact aligns with his own company’s mission.
“Securing support from visionaries like Tony G marks a defining moment for NoviqTech, strengthening our ambition to drive innovation at the intersection of blockchain and sustainability,” he said.
“Their expertise and belief in our mission empower us to fast-track our technology roadmap, accelerating the development of powerful, scalable solutions that help companies achieve unparalleled transparency and compliance in sustainability.”
Carbon Central progress
NoviqTech has recently reported significant progress in developing core product Carbon Central, with key updates focusing on artificial intelligence (AI) integration, tokenisation enhancements, digital twin capabilities and the expansion of supported environmental templates.
Carbon Central has been targeted for use in the semiconductor industry through its capacity to provide real-time insights into energy usage, optimise carbon emissions reduction and streamline compliance with complex global regulations.
“In addition to lowering operational costs through advanced analytics and AI-driven energy management, Carbon Central provides a strategic advantage through its guarantee of origin feature, enabling full traceability and transparency in sustainable manufacturing,” Mr El Turk said.
“For companies seeking to stand out in the rapidly evolving semiconductor landscape, this level of environmental accountability is critical, especially in building trusted partnerships with eco-conscious customers and investors.”