UAE based Aqua1, a Web3 native fund who recently invested $100 million in World Liberty Financial, has now made a strategic investment into Above Food Ingredients Inc. (NASDAQ: ABVE), an agricultural and food technology company, in a closing of a convertible note financing round with strategic investor Aqua 1 Foundation (“Aqua 1”).
As per the press release, the investment marks a pivotal milestone in the company’s high-velocity scaling and accelerated growth strategy. This partnership brings together robust capital backing, along with next-generation digital infrastructure to advance Palm Global’s initiatives in asset tokenization and stablecoin deployment.
Palm Global is a next-generation innovator in financial inclusion, agri-tech, and sustainability, operating out of San Francisco, Dubai, Hong Kong, and Singapore. Utilizing AI, blockchain, and decentralized finance (“DeFi”) technologies. Palm Global delivers scalable solutions that drive economic empowerment and financial access for millions of farmers across Africa, Southeast Asia, and Americas.
Above Food Ingredients (ABVE) acquired Palm Global Technologies Ltd. through a merger completed on July 7, 2025, which positions Above Food as a major player in stablecoin issuance and real-world asset tokenization. The acquisition adds Palm Global’s 30% stake in gold-backed assets valued at $350 billion to Above Food’s balance sheet, enhancing its financial position and expanding its reach into FinTech and AgTech sectors.
Aqua 1’s $20 million investment, priced at a conversion rate of $2.50 per share, reflects deep conviction in Palm Global’s mission to redefine global finance and emerge as the dominant force in tokenization, stablecoin issuance and CBDC infrastructure. Aqua 1 recognizes the transformative potential of Palm Global’s Palm Promax Investment partnership, including its tokenization of $1.5
trillion in AA+ and AAA-rated sovereign assets, its gold-backed stablecoin underpinned by $350 billion in U.S.-based gold reserves, and its proprietary trading platforms for real-world asset-backed investment products.
Beyond its financial commitment, Aqua 1’s Abu Dhabi entity, Aqua Labs Investment, will integrate its cutting-edge blockchain, Web3 tokenization, RWA, and stablecoin technologies into Palm Global’s ecosystem, becoming the exclusive technology partner in this relationship.
Peter Knez, Chairman and CEO of Palm Global, commented, “This strategic investment and partnership mark a defining inflection point in Palm Global’s rapid evolution. By joining forces with Aqua 1 Foundation, we are not merely securing capital – we are acquiring transformative digital infrastructure that accelerates our mission to become the world’s leading provider of tokenized, asset-backed fixed-income funds, stablecoins, investment platforms, and central bank digital currency frameworks.
Dave Lee, Founding Partner and CEO of Aqua 1 Foundation, commented, “Palm Global’s bold and meticulously engineered vision for tokenized finance, stablecoin infrastructure, and central bank digital currencies aligns perfectly with Aqua 1’s mission to democratize access to blockchain-powered ecosystems. This partnership is not merely synergistic – it is catalytic, and we believe it will set a new benchmark for sovereign-grade digital innovation. As a major token-holder and strategic partner in the Trump Family’s World Liberty Financial initiative, Aqua 1 has been at the forefront of some of the most ambitious blockchain ventures on the global stage. Yet I can say with absolute conviction that the scale, clarity, and geopolitical relevance of Palm Global’s roadmap eclipses anything we’ve encountered. Their commitment to tokenizing multi-trillion dollar sovereign assets and launching a gold-backed stablecoin is not only unprecedented, but also perfectly timed for the seismic global shift toward digital monetary systems.
