Quantum Blockchain Technologies recently announced a pivotal development concerning its investment in Forcrowd, an Italian equity-crowdfunding platform wherein it holds a 41% interest. The AIM-listed enterprise revealed that Forcrowd has garnered registration from the European Securities and Markets Authority (ESMA), sanctioning it as a provider of crowdfunding services under EU directives. This landmark accreditation was attained through a rigorous application procedure involving CONSOB, the Italian financial market overseer, and the Bank of Italy, conferring upon Forcrowd an ‘EU Passport’.

Broadening Horizons Across the EU

The EU Passport empowers Forcrowd to extend its crowdfunding services across all EU member states, facilitating the hosting of campaigns and fundraisers from investors throughout the EU. This notable regulatory milestone equips Forcrowd to rejuvenate its crowdfunding ventures with numerous campaigns already on the horizon, slated for the latter half of 2024. The firm’s concentration will pivot towards two main sectors: real estate and energy.

Real Estate and Energy Focus

Within the real estate domain, Forcrowd intends to champion the refurbishment, redevelopment, and energy efficiency of both private and commercial properties. This aligns seamlessly with the escalating demand for sustainable and energy-efficient real estate solutions across Europe. Conversely, the energy sector campaigns will endorse sustainable progression via the transition to renewable energy through avant-garde solutions and technologies. This strategy aims to meet the burgeoning need for renewable energy sources and bolster the EU’s overarching objectives for sustainability and carbon reduction.

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Strategic Consequences

Quantum Blockchain Technologies accentuated that Forcrowd’s acquisition of the EU Passport culminates a nearly year-long application process. The authorization empowers Forcrowd to fully commence its crowdfunding operations in strategic sectors across Europe, substantially broadening its market reach. CEO and chairman Francesco Gardin conveyed satisfaction with Forcrowd’s accomplishment, noting that the capability to operate across Europe signifies a considerable amplification in market potential for the company.

Prospective Campaigns and Market Potential

With the ESMA authorization, Forcrowd is poised to initiate a series of crowdfunding campaigns targeting pivotal areas within the real estate and energy sectors. The envisaged campaigns underscore Forcrowd’s dedication to supporting sustainable development and innovative solutions within these industries. By enabling investments in renovation projects and renewable energy initiatives, Forcrowd aspires to attract a diverse spectrum of investors keen on fostering sustainable growth and energy efficiency.

Augmenting Market Competitiveness

The expansion of Forcrowd’s operations throughout Europe is anticipated to bolster its competitiveness within the equity-crowdfunding market. The capacity to secure funds from investors across the EU not only amplifies Forcrowd’s market presence but also offers a more extensive platform for innovative projects seeking financial backing. This strategic maneuver is likely to draw significant interest from both investors and project developers, positioning Forcrowd as a pivotal player in the European crowdfunding arena.