Wien Energie GmbH, one of Austria's largest energy providers, and RIDDLE&CODE, a leading blockchain interface company, have established a joint venture with the objective to accelerate global decarbonisation efforts. Closing of the transaction took place on 9. December 2021. The BRANDL TALOS deal team was led by Thomas Talos and Stephan Strass.
Following several years of successful collaborations, the parties decided to leverage Wien Energie’s expertise in the energy sector and RIDDLE&CODE’s know-how in asset tokenization in the form of a corporate joint venture, RIDDLE&CODE Energy Solutions. Within such framework, RIDDLE&CODE and Wien Energie will contribute financial and technological resources with the aim to provide cutting-edge services and continue shaping the future of the energy market.
» RIDDLE&CODE and Wien Energie have an extensive track record of successful projects and we look forward to working together to accelerate the decarbonisation of the world’s economy. We are very happy that we could again rely on the expertise of Thomas and Stephan, our longstanding advisors from BRANDL TALOS, who extensively supported us on this project. «
Alexander Koppel, CEO of RIDDLE&CODE
» This extremely promising joint venture shows the potential of new technologies such as DLT/Blockchain and asset tokenization in areas that are undergoing global transformation, such as the energy sector. We are excited that we could advise RIDDLE&CODE on this project and look forward to accompanying them on their mission to support renewable and sustainable energy systems also going forward. «
RIDDLE&CODE is Europe’s leading company for blockchain interface solutions. The company develops hardware and software stacks that combine the security of smart cards with blockchain and the Internet of Things (IoT). Together with its tier-one clients and partners, which include Daimler Mobility, BMW, Wien Energie and leading Dutch crypto exchange LiteBit, RIDDLE&CODE brings new business models to the fintech, energy, mobility and materials industries.
More information: www.riddleandcode.com – Media contact: Aysenur Yükselal Aji.