01:13 PM EDT, 08/25/2025 (MT Newswires) -- Blockmate Ventures ( MATEF ) is trading higher on Monday after announcing its investee company, Hivello Holdings, was featured in a Forbes article highlighted as a leading innovator in the booming Decentralized Physical Infrastructure Networks (DePIN) sector.

The Forbes story spotlights Hivello's platform as one of the most practical platforms for converting idle computing resources into passive income.

This recognition arrives amidst a surge in the DePIN market, which reached a market capitalization of US$17.9 billion in May 2025, marking an extraordinary 1,400% year-on-year increase.

"We are thrilled to see Hivello recognised by Forbes as a key player in the DePIN revolution. DePIN is transforming the way infrastructure is deployed and monetised globally. With Hivello's simple and scalable solution, Blockmate ( MATEF ) is proud to be positioned at the forefront of this movement," chief executive Justin Rosenberg said.

Shares of Blockmate ( MATEF ) were last seen up $0.005 to $0.10 on the TSX Venture Exchange.