RE Royalties Ltd
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Utilities : Independent Power & Renewable Electricity Producers | Small Cap Blend
Based in Canada
Company profile

RE Royalties Ltd. is a Canada-based company, which is primarily engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies. The Company provides non-dilutive royalty financing solutions to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. It provides financing solutions for its clients when traditional financing options are not available or suitable. It has ownership of royalties from renewable energy projects in Canada, the United States, and Europe. Its diversified portfolio includes solar parks, wind farms, and run of the river hydro facilities. The Company owns approximately 104 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, Europe, and the United States. The Company's wholly owned subsidiary is RE Royalties (Canada) Ltd.

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Goldman Sachs alum's new cryptocurrency platform offers social sentiment for investing

10:59 am ET January 26, 2022 (MarketWatch)
Print

By Steve Gelsi

Entrepreneur and veteran of Goldman Sachs' Marcus retail banking unit Adam Dell is launching Domain Money, a new cryptocurrency platform that will be using social sentiment to help investors.

Dell, who is also the brother of Dell Technologies Inc. (DELL) founder Michael Dell, put together a team from Goldman Sachs Group Inc. (GS) for Domain Money. He has drawn $33 million in Series A financing from Bessemer Venture Partners, Maveron, RRE Ventures, SV Angel, Salesforce.com (CRM) founder Marc Benioff, and Joe Lonsdale. Domain Money plans to launch a Series B fundraising round later in 2022.

"I'm a serial entrepreneur and I love building things," Dell said. "The opportunity to work with 25 of my former colleagues from Goldman was a very exciting thing. Startups have flexibility and an ability to execute that larger companies don't have."

The New York-based company officially launched on Tuesday with 43 employees, many of whom worked with Adam Dell when he was head of product at Marcus from 2018 to 2021. Domain Money plans to hire up to 30 more people this year.

"Thematically, we are interested in blockchain technologies that serve a core banking function, such as DeFi money markets," Dell said. "We believe there's a class of investors who are familiar with and comfortable with Fidelity, Schwab and ETrade who don't feel like those platforms are giving them robust access to the crypto asset class. We're trying to serve that customer."

Domain Money offers actively managed stock and crypto investment strategies managed by an expert investment team from Goldman Sachs, Morgan Stanley (MS) and Bridgewater Associates.

The unique features of Domain Money include its Signal product, which monitors social media outlets and assigns a social sentiment score to each type of asset. Domain Money tracks protocol health by looking at GitHub submissions within the blockchain developer community. The company also measures the flow of funds onto and out of exchanges an an indication of market sentiment.

"As we look at each of those components of the blockchain ecosystem, it's apparent to me that this technology is going to become the future of finance," Dell said.

Dell, who is CEO of Domain Money, said he sees a bright future for blockchain technology as the backbone of a more efficient transaction system that's rapidly growing.

To illustrate the size of the market now, Dell pointed out that Visa Inc. (V) handled about $10 trillion in transaction volume in 2021, while ethereum, the popular blockchain-backed cryptocurrency, accounted for about $11 trillion in volume.

The market for decentralized finance platform -- or DeFi transactions, where consumers and institutions can borrow and lend money -- totals roughly $200 billion in 2022, up from $1 billion in 2018. Non fungible tokens (NFTs) amounted to $23 billion in 2021. Stablecoin assets grew to $155 billion in 2021 from about $5 billion in 2018.

The company's team of Goldman Sachs and Bridgewater Associates veterans manages baskets of stocks and cryptocurrencies for investors less familiar with the asset class.

-Steve Gelsi

	

(END) Dow Jones Newswires

January 26, 2022 10:59 ET (15:59 GMT)

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