Above Food Ingredients Inc. (NASDAQ: ABVE) has announced a strategic $20 million investment via a convertible note from Web3 powerhouse Aqua 1 Foundation, a major backer of the Trump-founded crypto venture World Liberty Financial.
This infusion marks a key milestone in Above Food’s rapid growth strategy, combining financial backing with advanced digital infrastructure from Aqua 1 to accelerate Palm Global’s initiatives in tokenization, stablecoin deployment, and decentralized finance (DeFi). The investment, priced at $2.50 per share, underscores Aqua 1’s confidence in Palm Global’s mission to redefine global finance through asset tokenization and gold-backed stablecoins.
Beyond capital, Aqua 1’s Abu Dhabi-based Aqua Labs Investment will serve as Palm Global’s exclusive technology partner, integrating blockchain, Web3 tokenization, real-world assets (RWA), and stablecoin technology. This partnership is poised to deliver unprecedented scalability, operational efficiency, and global expansion opportunities across Palm Global’s digital currency and investment platforms.
Peter Knez, Chairman and CEO of Palm Global, emphasized: “This partnership isn’t just capital — it’s transformative infrastructure that positions us at the forefront of tokenized, asset-backed finance. With 15 nations already committed to adopting our gold-backed stablecoin as official currency, the potential is global.”
Dave Lee, CEO of Aqua 1 Foundation, added: “Palm Global’s vision for tokenized finance and sovereign-grade stablecoins aligns perfectly with our mission to democratize blockchain ecosystems. This partnership sets a new benchmark for global digital financial innovation.”
About Above Food Ingredients Inc.:
Above Food is a food and agri-tech company focused on sustainable, AI-driven plant protein development. Its proprietary ingredients aim to create a healthier world, delivering scalable, functional food solutions to businesses and consumers globally.
About Palm Global:
Operating across San Francisco, Dubai, Hong Kong, and Singapore, Palm Global leverages AI, blockchain, and DeFi to drive financial inclusion and sustainable agriculture. Its platforms empower farmers with credit, insurance, and advanced technologies while supporting sovereign-scale digital currency adoption.
Source:SEC
