Bitcoin News Today: PowerBank Teams Up with Intellistake to Tokenize Energy Assets and Adopt Bitcoin

PowerBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: 103) has entered a strategic partnership with Intellistake Technologies Corp. (CSE: ISTK) to advance the integration of digital currencies, particularly Bitcoin, and explore the tokenization of real-world assets (RWA), including solar and storage infrastructure. The collaboration aims to leverage blockchain and decentralized AI to reshape traditional energy and financial systems.

Under the partnership, PowerBank, a leading clean energy project developer in North America, will accumulate Bitcoin as part of its treasury strategy, while Intellistake, a technology firm bridging capital markets with decentralized finance, will assist in digital asset management, including custody, security, and operational support. Additionally, the companies are exploring the tokenization of PowerBank’s energy assets to create a new class of investment and financing instruments in the tokenized finance space.

This initiative aligns with broader trends in decentralized finance and institutional interest in tokenized assets. According to a recent analysis, analysts forecast that the market cap for tokenized real-world assets could reach $30 trillion by 2034, driven by advancements in blockchain technology and investor demand for transparency and efficiency in asset ownership and settlement [1].

The partnership also marks a shift in PowerBank’s approach to digital currency custody. It will no longer use Coinbase for Bitcoin-related services and is evaluating how best to establish compliant digital asset management frameworks. However, the details of the tokenization strategy, including the specific assets involved and the timeline, remain under review and will be updated as developments occur. No Bitcoin purchases have been made as of the press release date.

Dr. Richard Lu, CEO of PowerBank, emphasized the strategic importance of the alliance, stating that the move is about “setting the pace for a shift in how companies manage capital and assets.” The companies see this as an opportunity to bridge traditional energy infrastructure with the digital economy, particularly as AI, automation, and clean energy continue to shape global economic and technological landscapes.

Jason Dussault, CEO of Intellistake, noted that tokenization is “no longer a concept—it’s an inevitability.” The partnership combines Intellistake’s experience in capital markets and digital asset custody with PowerBank’s scalable energy platform, aiming to unlock new opportunities in the evolving financial ecosystem.

Both companies are assessing the regulatory environment for tokenization to ensure compliance with applicable laws and requirements. The final structure and scope of the tokenization initiative will depend on the outcome of this evaluation.

The companies also provided additional corporate updates, including the issuance of shares to former and current directors of Solar Flow-Through Funds Ltd. as part of a debt settlement. These transactions are subject to regulatory acceptance and a four-month hold period.

This press release contains forward-looking statements based on current expectations and assumptions, including the potential success of the partnership, market growth in digital assets, and the execution of strategic plans. These statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those anticipated. The companies do not undertake any obligation to update or revise forward-looking statements, except as required by law.

Source: [1] https://cryptoslate.com/analysts-predict-30-trillion-market-cap-for-tokenized-rwa-by-2034/