NOV 3.77% 5.1¢ novatti group limited

Ann: NOV to issue AUD Backed Stablecoin on XRP Ledger, page-9

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    There is more context provided in the investor video linked below.

    For the next 12 months they will receive revenue / grants from Ripple and Stellar.

    Launch of coins / first transaction fees starting to be received 'later this year'. So presumably late calendar 2022 or realistically during the first half of calendar 2023.

    Also confirming that aiming for being cashflow positive 12 months from now, in Q4 2023. Based upon forecast 50% p.a. revenue growth (which they are exceeding at the moment) so feasibly could be a bit earlier.


 
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