Blockchain
Northern Data Group announces closing of Damoon acquisition

Northern Data AG (‘Northern Data Group’) (Ticker symbol German stock market: NB2) (ISIN: DE000A0SMU87) today announces the completion of the acquisition of Damoon Limited, formerly Damoon Designated Activity Company (‘Damoon’)’ from Tether Group. The transaction was first announced in July 2023 and following the required regulatory clearances, the acquisition of c. 70% of Damoon was completed by the end of December 2023, while the remaining c. 30% of Damoon was acquired on 3 January 2024. The closing of the transaction now makes Tether Group, one of the world’s most successful and innovative blockchain technology companies, the cornerstone shareholder in Northern Data Group.
The acquisition value of EUR 400 million for 100% of Damoon is exactly equivalent to the purchase price of the more than 10,000 highly sought-after NVIDIA H100 Tensor Core GPUs, which Damoon owns.
In total, including the recently announced purchases, Northern Data Group now owns more than 18,000 NVIDIA H100 Tensor Core GPUs. Taiga Cloud, Northern Data Group’s Cloud division, is in the process of deploying the NVIDIA H100 Tensor Core GPUs, with the first of the deployments live since December 2023. The deployment of the NVIDIA H100 Tensor Core GPUs strengthens Taiga Cloud’s position as Europe’s first and largest dedicated Generative AI Cloud Service Provider, offering flexible and secure access to this latest and most advanced GPU compute power, to meet the surging demand for Generative AI GPUs across Europe.
The ongoing success of Northern Data Group’s vision and strategy has prompted its Founder and CEO, Aroosh Thillainathan, to announce Director Dealings to acquire shares in Northern Data AG for up to EUR 9 million per month and for a total of up to EUR 30 million in the period from 8 January 2024 (inclusive) to 8 May 2024 (inclusive). This will be facilitated via a preset purchase plan agreement, which has been placed with a broker as an irrevocable standing order. To the extent the purchase is made via the stock exchange, the maximum volume of the daily purchases on the stock exchange may not exceed 25% of the average daily XETRA trading volume of the company’s shares on the Frankfurt Stock Exchange on the 20 trading days prior to the respective purchase date. If the trading volumes allow, the order must be fully executed within the four-month period. The purchases will be publicly disclosed regularly. The order has been placed via ART Beteiligungs Management GmbH (ART), the family office of Aroosh Thillainathan, which is 100% owned by him.
Mr. Thillainathan’s current stake in Northern Data Group is 2,761,316 shares, which includes the shares received following the conversion of the mandatory convertible bond in the amount of more than EUR 37 million, which he had purchased via ART in October 2023.
Due to the closing of the Damoon transaction and the required disclosures, Northern Data Group now expects its audited financial statements for fiscal year 2022 to be published in Q1 2024. Accordingly, the next annual general meeting will take place approximately seven weeks thereafter. 2023’s audited financial statements are expected to follow by the end of H1 2024.
The total number of fully diluted, outstanding Northern Data Group shares, following the completion of the Damoon acquisition and including the underlying shares for the outstanding mandatory convertible bond, which has not been converted yet, is 53,497,231.
Aroosh Thillainathan, Northern Data Group’s Founder and Chief Executive Officer, commented:
“Northern Data Group’s growth as a global, leading High-Performance Compute company continues to go from strength to strength. Through the acquisition of Damoon, we have made outstanding progress in the realization of our Cloud strategy, and with the substantial investments made in the hardware critical to delivering Generative AI’s potential, Taiga Cloud, our Cloud Service Provider, is truly positioned for success.
In 2024, we expect to continue our dynamic development and actively seize market opportunities to deliver on our mission to drive the next era of tech-advancement. We’re building the High-Performance Computing infrastructure that will underpin the next wave of Innovation Bravery.”
Transaction Details
Northern Data Group completed the two capital measures agreed in the Investment Agreement announced in July 2023, as amended (“Investment Agreement”), (i) an increase of its share capital by EUR 10,487,826 and (ii) the issuance of a mandatory convertible bond with a nominal value of c. EUR 87 million, convertible into up to 4,763,051 shares in Northern Data Group, both against contribution in kind, by the end of December 2023. Thereby, Northern Data acquired 69.92% of Damoon, as well as 69.92% of the c. EUR 400 million shareholder loan granted to Damoon by Tether Group.
With the registration of a further increase of its share capital against contribution in kind by EUR 6,556,949 to EUR 48,734,180 on 3 January 2024, Northern Data Group acquired the remaining 30.08% of Damoon and of the shareholder loan granted to Damoon in implementation of the exercise of the call option granted to Northern Data Group in the Investment Agreement, as already announced in September 2023, thereby fully completing the acquisition of Damoon and the shareholder loan granted to Damoon.
The completion of this acquisition and the in total three capital measures follows regulatory clearances being obtained, and the confirmation of the court-appointed independent auditor that the value of the contributions in kind are at least equivalent to the value of the 17,035,775 shares in Northern Data Group and the c. EUR 87 million mandatory convertible bond, convertible into up to 4,763,051 shares in Northern Data AG, issued by Northern Data Group as consideration in total.
The post Northern Data Group announces closing of Damoon acquisition appeared first on Hipther Alerts.
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Blocks & Headlines: Today in Blockchain – April 29, 2025 | Deloitte, TRON DAO, Miden, JPMorgan, Nuvve

The blockchain and cryptocurrency ecosystem is evolving at breakneck speed, with tokenization, Layer 2 innovations, institutional partnerships, and emerging venture plays dominating today’s headlines. In this op-ed–style briefing—April 29, 2025—we unpack five major stories that signal where Web3, DeFi, and NFTs are headed:
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Deloitte’s $4 trillion tokenized real estate forecast
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TRON DAO’s support for emerging talent at Harvard Blockchain Conference
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Miden’s $25 million raise to scale a zero-knowledge blockchain
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JPMorgan and Nacha’s blockchain-enabled ACH validation
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Nuvve’s new subsidiary for cryptocurrency and blockchain ventures
Each section delivers concise news coverage, incisive analysis, and opinion-driven insights into the strategic and technological implications. Throughout, we weave in essential keywords—blockchain, cryptocurrency, Web3, DeFi, NFTs—to ensure SEO optimization and relevance for digital audiences.
1. Deloitte Predicts $4 Trillion Tokenized Real-Estate Market by 2035
Summary:
In a landmark report released April 28, consulting giant Deloitte projects that the tokenized real-estate market could swell to $4 trillion by 2035. The forecast hinges on rapid adoption of security tokens that fractionalize property ownership, enabling global investors to trade real-estate assets 24/7 on blockchain platforms. Deloitte identifies five key enablers: regulatory clarity, standardized token protocols, interoperability layers, institutional-grade custody services, and liquid secondary markets. Adoption drivers include enhanced liquidity, democratized access for retail investors, and lower transaction costs via smart contracts.
Analysis & Opinion:
Tokenization stands at the confluence of DeFi and traditional finance, promising to unlock trillions in illiquid assets. Yet realizing a $4 trillion market requires overcoming persistent hurdles: cross-border regulatory alignment, KYC/AML compliance on decentralized platforms, and robust digital-asset custodianship. Real-estate incumbents should prioritize pilot programs in regulated jurisdictions—such as Switzerland’s FINMA sandbox—to build trust and test token standards like ERC-3643 or the upcoming ISO TC 307 specifications. Meanwhile, DeFi protocols must integrate real-world asset oracles with high-assurance data feeds to prevent valuation discrepancies. As major asset managers—BlackRock, Fidelity—eye tokenization pilots, blockchain platforms offering modular compliance and seamless fiat on-ramps will emerge as market leaders.
Source: Bitcoin.com News
2. TRON DAO Empowers Emerging Talent at Harvard Blockchain Conference 2025
Summary:
TRON DAO reaffirmed its commitment to education and Web3 innovation by sponsoring the Harvard Blockchain Conference 2025 on April 26–27. The foundation underwrote travel grants, speaker honoraria, and hackathon prizes to support students and researchers exploring DeFi, NFT interoperability, and decentralized governance. TRON representatives—including CTO Michael Kong—led deep-dive sessions on TRON’s latest EVM-compatible upgrades, zero-fee transactions, and cross-chain bridges powered by the Sun Network. Award winners gained access to the TRON Accelerator program, offering mentorship, developer grants, and potential seed funding.
Analysis & Opinion:
Educational sponsorship is a strategic play for protocols seeking long-term developer mindshare. By investing in Harvard’s brightest, TRON DAO not only promotes its Layer 1 ecosystem but also fosters innovations that could address TRON’s scalability, security, and decentralization trade-offs. However, high-profile academically oriented conferences risk echo-chamber effects unless participation spans beyond marquee institutions. TRON would benefit from parallel outreach to Historically Black Colleges and Universities (HBCUs) and community colleges to diversify its developer pipeline. In the battle for EVM-compatible supremacy, protocols that nurture broad, inclusive communities will secure resilience and real-world network effects.
Source: Bitcoin.com News
3. Miden Raises $25 Million to Scale a ZK Blockchain Post-Polygon Spin-out
Summary:
Miden, the zero-knowledge (ZK) proof–based Layer 2 protocol spun out of Polygon in late 2024, has secured a $25 million Series A led by a16z Crypto and Electric Capital. The round also saw participation from Placeholder, Pantera, and Circle Ventures. Miden’s core innovation lies in its bespoke STARK-based prover that enables trustless off-chain transaction batching and on-chain proof verification. Unlike SNARK-focused rollups, Miden eschews trusted setups and prioritizes transparency while targeting throughputs of 4,000+ TPS. The funds will scale Miden’s developer ecosystem, strengthen its modular data availability layer, and accelerate mainnet launch slated for Q4 2025.
Analysis & Opinion:
The ZK-rollup wars are intensifying as projects differentiate on security assumptions, throughput, and developer experience. Miden’s STARK-centric architecture addresses growing community concerns over SNARK trusted setups and prover centralization. However, achieving 4,000 TPS in production demands optimizations at both protocol and EVM-compatibility layers. Miden must also articulate clear interoperability roadmaps with Ethereum, Cosmos, and the OP Stack to attract DApp teams wary of liquidity fragmentation. The $25 million war chest affords aggressive grant programs and bug bounties—critical to securing audit-hardened code—but community trust will hinge on transparent security reports and gradual mainnet roll-out through incentivized testnets.
Source: Cointelegraph
4. JPMorgan Partners with Nacha for Blockchain-Backed ACH Account Validation
Summary:
In a first for the traditional banking sector, JPMorgan Chase announced on April 27 a strategic alliance with Nacha, the U.S. ACH network operator, to pilot a blockchain-enabled account validation service. Utilizing a private permissioned ledger based on Hyperledger Fabric, the initiative aims to streamline ACH origination by verifying account ownership in real time, thereby reducing failed transactions and fraud. Pilot participants—including fintechs, regional banks, and corporate treasuries—can request instant validation tokens on ledgers, with JPMorgan acting as the initial node operator and Nacha providing rule governance. The project targets a 50% reduction in ACH settlement delays and a projected $300 million annual saving in transaction costs.
Analysis & Opinion:
Legacy payment rails face mounting pressure from DeFi protocols offering near-instant, low-fee transfers. JPMorgan’s move to integrate blockchain into ACH validation is a pre-emptive strike to modernize the Automated Clearing House network from within. Success will depend on achieving network effects—convincing enough U.S. financial institutions to run nodes and accept blockchain-issued trust tokens. Clear regulatory guidance from the Federal Reserve and CFPB on ledger governance will be essential. Should this pilot prove scalable, it could catalyze broader on-chain rails for corporate payments, payroll, and supply-chain finance, bridging Web2 and Web3 infrastructures.
Source: Ledger Insights
5. Nuvve Launches New Subsidiary to Capitalize on Cryptocurrency and Blockchain Opportunities
Summary:
Electric-vehicle charging network operator Nuvve has formed Nuvve Blockchain Ventures—a dedicated subsidiary focused on integrating cryptocurrency, distributed-energy resources (DERs), and tokenization into grid services. Announced April 28 via Business Wire, the new entity will explore utility partnerships for vehicle-to-grid (V2G) settlement in stablecoins, energy-asset tokenization for peer-to-peer trading, and use of NFTs to represent renewable-energy credits (RECs). Nuvve Blockchain Ventures has already secured MoUs with three major U.S. utilities and plans a Q3 pilot using a Polygon-based sidechain for meter-to-meter settlement.
Analysis & Opinion:
Nuvve’s leap into blockchain underscores the cross-industry potential of tokenization and DeFi primitives. By transacting energy services in stablecoins, Nuvve can reduce cross-border FX risk for EV fleets and unlock micro-grid autonomy. However, real-world energy markets demand high-availability, low-latency settlement—areas where existing Layer 1s and busy sidechains may falter. The choice of Polygon sidechain offers low fees and Ethereum security but may require roll-up bridges to settle larger energy-credit batches on Ethereum mainnet. Regulatory clarity on energy tokens as securities or commodities will also shape adoption. If Nuvve succeeds, utilities could adopt blockchain for everything from demand-response auctions to carbon-credit trading, accelerating the energy-Web3 nexus.
Source: Business Wire
Key Trends & Takeaways
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Mass Tokenization Looms: Deloitte’s $4 trillion forecast cements tokenized real estate as a flagship use case for security tokens—but success depends on regulatory harmonization and liquid secondary markets.
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Developer & Community Investment: TRON DAO’s Harvard sponsorship—and Miden’s sizable Series A—highlight how ecosystems compete for developer mindshare and project credibility through grants and educational outreach.
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ZK-Rollup Differentiation: The STARK-based approach of Miden contrasts with SNARK-dependent rollups, reflecting a market that prizes transparency and security assumptions in scaling Ethereum.
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Institutional Blockchain Adoption: JPMorgan and Nacha’s ACH pilot exemplifies how incumbent financial networks are cautiously integrating ledger technology to modernize legacy rails.
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Cross-Sector Tokenization: Nuvve’s energy-sector plunge illustrates the growing appetite for tokenized assets—from real estate to renewable credits—signaling Web3’s expansion into critical infrastructure.
Conclusion
Today’s headlines reveal a blockchain industry at full throttle: tokenization is broadening beyond finance into real-world assets; zero-knowledge solutions vie for Layer 2 dominance; consortiums of banks pilot private ledgers; and even EV-charging networks are exploring on-chain settlements. As DeFi, NFTs, and Web3 architectures mature, the winners will be platforms that balance regulatory compliance, technological robustness, and community engagement. Stay tuned to Blocks & Headlines for tomorrow’s deep dive into the innovations redefining decentralized networks.
The post Blocks & Headlines: Today in Blockchain – April 29, 2025 | Deloitte, TRON DAO, Miden, JPMorgan, Nuvve appeared first on News, Events, Advertising Options.
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