Alaska has launched InvestNorth, a state-sponsored platform designed to facilitate financing for digital infrastructure projects. The initiative is managed alongside the Alaska Data Corporation LLC, a government entity established to integrate emerging technologies into the state economy.
The platform was developed in collaboration with Plural, a fintech company specializing in energy and digital infrastructure. InvestNorth utilizes the AssetOS system to manage investor commitments, financial transactions, and distribution waterfalls for infrastructure developments.
The state plans to employ tokenization to digitize ownership interests in infrastructure assets. This technology aims to automate ownership rules, payouts, and oversight, while providing a transparent record of all transactions and transfers.
Governor Mike Dunleavy stated that the initiative intends to attract investment, create jobs, and generate new state revenue. The program also explores options for residents to hold direct ownership stakes in data center projects to share in economic returns.
The Alaska Data Corporation will operate as a subsidiary of AIDEA. It intends to partner with private developers to build distributed data centers across the state, ensuring that economic value remains local while complying with federal and state securities laws.
