Distributed ledger technology specialist NoviqTech (ASX: NVQ) is raising $1,050,000 to fast-track the development of its blockchain-powered solutions.

The placement received strong support from international blockchain innovator Antanas Guoga.

Better known as Tony G, he is chair and major shareholder of Solana Strategies, a Canada-based holding vehicle established to invest in technologies and cryptocurrencies.

Blockchain applications

NoviqTech chief executive officer Freddy El Turk said Tony G’s commitment to driving blockchain applications with social impact aligns with his own company’s mission.

Mr El Turk noted that other supporters of the placement included several industry professionals with strategic leadership in the blockchain and cryptocurrency sectors.

“Securing support from visionaries like Tony G marks a defining moment for NoviqTech, strengthening our ambition to drive innovation at the intersection of blockchain and sustainability,” he said.

“Their expertise and belief in our mission empower us to fast-track our technology roadmap, accelerating the development of powerful, scalable solutions that help companies achieve unparalleled transparency and compliance in sustainability.”

Carbon Central progress

NoviqTech has recently reported significant progress in developing core product Carbon Central, with key updates focusing on artificial intelligence (AI) integration, tokenisation enhancements, digital twin capabilities and the expansion of supported environmental templates.

Carbon Central has been targeted for use in the semiconductor industry through its capacity to provide real-time insights into energy usage, optimise carbon emissions reduction and streamline compliance with complex global regulations.

“In addition to lowering operational costs through advanced analytics and AI-driven energy management, Carbon Central provides a strategic advantage through its guarantee of origin feature, enabling full traceability and transparency in sustainable manufacturing,” Mr El Turk said.

“For companies seeking to stand out in the rapidly evolving semiconductor landscape, this level of environmental accountability is critical, especially in building trusted partnerships with eco-conscious customers and investors.”

CHT partnership

An example of the system’s capacity is NoviqTech’s recent signing of a strategic partnership with Clean Hydrogen Technologies (CHT) to integrate Carbon Central’s guarantee of origin tracking system for “turquoise” hydrogen production.

CHT will integrate real-time monitoring systems to capture data on hydrogen production, feeding into the creation of verifiable certificates that support global clean energy goals.

Turquoise hydrogen refers to hydrogen produced without carbon dioxide emissions.