Block X Capital Announces Investment in Abaxx Technologies and Buildingsblock Technologies

Block X Capital (CSE:BXXX) has announced a C$250,000 investment in Abax Technologies and a C$157,600 investment in Buildingsblock Technologies.

As quoted in the press release:

Abaxx develops technology, files intellectual property patent inventions and generates royalties through strategic partnerships and transactions with early adopters in the enterprise-blockchain financial sector.  Abaxx is currently raising funds to invest in two cornerstone, blockchain-based, financial exchanges; obtaining 20% equity ownership in the following:

1. A blockchain-based exchange for listing, trading and clearing physical commodity contracts; and
2. A blockchain-based exchange for listing, trading and clearing Intellectual Property assets.

Concurrent with the transaction, Abaxx will acquire contracted revenue royalty rights in both companies.  Abaxx is continuing to evaluate the acquisition of additional assets ahead of their planned RTO.

Block X is dedicated to investing in blockchain and emerging technologies. Backed by a team of venture capitalists, founders, and executives with deep expertise in blockchain and emerging technology, Block X leverages its team and network to gain access to promising investment opportunities.

“We are excited to announce our anticipated investment in Abaxx”, says Darius Eghdami, CEO of Block X. “Josh Crumb and Abaxx have put together an exceptional team with two cornerstone investments that have unique and promising applications of blockchain technology. We look forward to continuing to work with the Abaxx team.”

Further, Block X has invested $157,500 in Buildings Block. Buildings Block is developing a secure data management and analysis platform for the strata/condominium industry, aimed at increasing consumer protection for homebuyers during real-estate transactions by providing users with instant intelligence relating to the financial health and physical condition of a multi-family building.

Click here to read the full press release.