Belgravia Hartford Announces Plans for Initial Investment in Sui Through NodeVest IO Inc

Rhea-AI Summary

Belgravia Hartford Capital (CSE: BLGV) (OTC: BLGVF) has announced plans for its wholly owned subsidiary, NodeVest IO, to make an initial USD $100,000 investment in Sui blockchain through a partnership with Karrier One, Canada's largest Sui staking infrastructure.

The investment will be part of a diversified crypto asset portfolio, with NodeVest implementing risk mitigation strategies focused on position sizing and investment timing. The company will monitor key metrics including developer activity, TVL, and transaction growth.

Sui, launched in 2023 by former Meta employees through Mysten Labs, has notable applications including Suilend, NAVI, and Scallop, with over USD $1 billion in combined Total Value Locked. The platform focuses on horizontal scalability and immediate transaction finality.

Positive

• Strategic investment of USD $100,000 in Sui blockchain through partnership with leading Canadian infrastructure provider
• Investment target (Sui) has over USD $1 billion in TVL across its lending platforms
• Risk mitigation strategies and monitoring systems in place for the investment

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) (OTC Pink: BLGVF) ("Company") is pleased to announce that it plans to make its first investment by its wholly owned subsidiary, NodeVest IO Inc. ("NodeVest"), in a yield bearing stake of USD $100,000 (the "Investment") in Sui ‎blockchain ("Sui"), through a partnership with Karrier One, the largest Sui staking infrastructure in ‎Canada.

NodeVest intends to employ risk mitigation strategies focused on position sizing and investment timing‎. The Investment will form part of a diversified crypto asset portfolio. NodeVest will also monitor key metrics including developer activity, TVL and transaction growth throughout the life of the Investment and will maintain awareness of competitor developments and regulatory changes affecting layer-1 ‎platforms.‎

Jaclyn Rosenthal, Director of Media & Corporate Affairs of the Company is pleased to announce that Dr. Victor Cook, PhD, President and Chief Technology Officer of NodeVest, will be appearing live on TraderTV at 1:45pm (EST) on Thursday, December 19, 2024. Dr. Cook will be discussing recent trends and developments in the blockchain and crypto asset space. Interested readers can watch live at the following address: TraderTV.Live Official Website.

Sui, launched in 2023 by former Meta (Facebook) employees through Mysten Labs, represents ‎a significant evolution in blockchain architecture. The platform emerged from extensive ‎research and development in scalable blockchain solutions, particularly drawing from ‎experience with the Diem/Libra project. Sui's fundamental design prioritizes horizontal ‎scalability and immediate transaction finality, addressing key limitations of traditional blockchain ‎platforms.‎

Notable applications built on Sui include lending platforms Suilend, NAVI and Scallop, with over ‎‎USD $1 billion in combined Total Value Locked ("TVL"). The ‎Sui Move ecosystem has attracted significant developer innovation, with projects like ‎Deepbook (orderbook infrastructure), Bucket Protocol (lending), and Aftermath Fi (perpetual ‎trading) demonstrating the platform's versatility for DeFi applications.

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This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Neither CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.

About Belgravia Hartford

Belgravia Hartford Capital Inc. is an investment issuer, listed for trading on the Canadian Securities Exchange, focused on the tech and finance sectors of the worldwide economy. The Company's focus, as set out in its 2018 Investment Policy, specifies cryptocurrencies, artificial intelligence, media and digital streaming opportunities. Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the resources and commodities sector. Belgravia and its investments are considered high risk holdings and it may expose shareholders to significant volatility and losses.

For more information, please visit www.belgraviahartford.com.

The CSE has not reviewed, approved or disapproved the content of this news release.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding the structure of the Investment, anticipated risk mitigation strategies, Mr. Cook's planned appearance on TraderTV, and other statements that are not historical facts. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

For More Information, Please Contact:

Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(416) 779-3268
mazodi@blgv.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234457

FAQ

What is Belgravia Hartford's (BLGVF) planned investment amount in Sui blockchain?

Belgravia Hartford plans to invest USD $100,000 in Sui blockchain through its subsidiary NodeVest IO Inc.

Who is Belgravia Hartford (BLGVF) partnering with for their Sui blockchain investment?

Belgravia Hartford is partnering with Karrier One, the largest Sui staking infrastructure provider in Canada.

What is the total value locked (TVL) across Sui's lending platforms?

Sui's lending platforms (Suilend, NAVI, and Scallop) have over USD $1 billion in combined Total Value Locked (TVL).

When was Sui blockchain launched and by whom?

Sui blockchain was launched in 2023 by former Meta (Facebook) employees through Mysten Labs.

What risk management strategies will BLGVF's NodeVest implement for the Sui investment?

NodeVest will implement risk mitigation strategies focused on position sizing and investment timing, while monitoring key metrics including developer activity, TVL, and transaction growth.