LAKE MARY, Fla., October 15, 2026 - (ACN Newswire) - OpenWorld, Inc. (“OpenWorld” or the “Company”) (NASDAQ: OPNW), an innovation company advancing global real-world asset (“RWA”) tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $1 billion to fund the purchase and deployment of a distributed AI computing network powered by on-site solar energy and residential battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance and operate the orchestration of the network. The news follows recent OpenWorld tokenized financing announcements, including a proposed transaction to transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform.Key Highlights
Meridian founded by Josh Raffaelli: Raffaelli was involved early in Tesla, Solar City, and SpaceX while at DFJ and Silver Lake.
Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Residential battery storage, solar panels and AI computing equipment form the asset base of the structure.
Meridian’s role: Meridian holds purchase rights to Powerwall residential battery storage systems for the program and will own the storage assets within the structure.
AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers.
Initial deployment of 10,000 homes: Compute nodes at participating homes, with larger installations at local schools, hospitals and local commercial campuses.
Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power.
Timeline: Initial installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.
“Access to power is a major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and battery storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”
“Residential battery storage is the foundation of this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”
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