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PowerBank Corporation, a leader in clean energy infrastructure, has announced today a strategic partnership with Intellistake. This technology company seeks to bridge traditional capital markets with decentralized AI and blockchain infrastructure.
The partnership marks a major milestone for the digital asset ecosystem as it focuses on transforming legacy energy systems into a tokenized product.
According to the announcement, the partnership will see the companies work together to launch a digital asset treasury program, Bitcoin treasury management, and evaluate the potential tokenization of PowerBank’s clean energy assets or shares.
To achieve this, PowerBank will accumulate Bitcoin, and Intellistake will accumulate digital currencies that support decentralized AI. Furthermore, the partnership will see Intellistake helping with the management of digital asset operations for PowerBank and serving as its supporting partner for security, custody, and treasury management.
 
Jason Dussault, the CEO of Intellistake, commented on the partnership, saying, “By combining our expertise in capital markets and digital asset custody with PowerBank’s scalable, real-world energy platform, we’re unlocking a new opportunity.”
While Intellistake and PowerBank are currently evaluating the regulatory framework for tokenization, they specified that any tokenization will be subject to being completed in compliance with applicable law, regulatory requirements, and terms of any underlying agreements associated with PowerBank assets.
Notably, the partnering firms are yet to determine the actual structure of such tokenization, the assets that would be subject to tokenization, and the associated timeline. Nonetheless, Intellistake and PowerBank promise to provide further updates as material developments related to this tokenization strategy occur.
While no Bitcoin purchase has been made as of the time of writing, the announcement revealed that the actual timing and value of the Bitcoin purchases under the allocation strategy will be determined by management.
Moreover, purchases will depend on several factors, including general market and business conditions, the trading price of Bitcoin, and the anticipated cash needs of Intellistake or PowerBank. The allocation strategy may be suspended, discontinued, or modified at any time for any reason. Following the partnership, Intellistake will support PowerBank’s establishment of custody for its digital currency purchase,s and PowerBank no longer intends to utilize Coinbase for this service.
Dr. Richard Lu, the CEO of PowerBank also emphasized on the significance of the partnership saying; “This partnership is about more than collaboration—it’s about setting the pace for a shift in how companies manage capital and assetsAs the world accelerates toward AI, automati…on, and clean energy, Bitcoin and tokenization are presenting new opportunities. PowerBank and Intellistake are here to take part in that transformation, to bridge traditional energy infrastructure with the demand of the digital economy.”
Source: https://zycrypto.com/powerbank-partners-intellistake-to-pioneer-digital-currencies-including-bitcoin-treasury-integration-and-rwa-tokenization/