Over 70 financial institutions have reportedly worked with Valk‘s digital transaction and tokenization platform this year.
Private market digital platform VALK says that it is “building for expansion after achieving over $4 billion in assets and deals managed on its platform in a year” as it continues its steady growth which has seen over 70 financial institutions across Europe, North America, the Middle East, South America and other world regions use its technology in 2021.
VALK is supported by major VC funds as well as strategic financial investors R3, SIX Group, Ascension Ventures and Metavallon. The company reports growth of 2,500% in just nine months – and only “celebrated hitting $1 billion of deals in M&A and fund-raising activity just five months ago.”
The London based firm “enables clients including investment banks, hedge funds, family offices, fund managers and asset managers to digitize processes and assets to become more profitable and target new opportunities through secondary trading and access to exchanges.”
Its tech aims to effectively replace “slow manual processes in private markets with an end-to-end digital transaction and tokenization platform which allows users to highlight opportunities to clients by delivering all the deal processes on one platform.”
The platform, which is built on the Corda and Ethereum blockchain standards, boosts liquidity as it “enables an easily implemented secondary market while supporting users to share deals and assets with other members of the VALK network.”
Clients are able to share opportunities or investor pools and connect to any digital exchanges on the Corda and Ethereum framework. Clients can also “set up secure private portals in just a few clicks where they store and outline deals and assets in an investor-friendly manner and can instantly tokenize all uploaded assets.”
Antoine Loth, CEO and Co-Founder of VALK, stated:
“Growth this year has accelerated across private markets as more financial institutions recognise the value and efficiency that can be delivered by moving to digital solutions as well as the opportunities for new revenues from secondary market transactions. The past nine months has seen phenomenal growth, but the private markets sector is worth more than $100 trillion and there is a lot of work to do as well as other markets to address where our technology could play an important role.”
VALK’s steady growth and success has been recognized by inclusion in the Financial Conduct Authority regulatory sandbox and FinTech 4.0, the fourth group of firms chosen for the Fintech growth program that is run by Tech Nation.
The brainchild of founders Antoine Loth and Elie Azzi, VALK, which launched in 2019, aims to “make global private markets digital and connected by offering a seamless end-to-end solution which improves processes and transforms how private transactions are conducted.”
Its white-labelled solution is “delivered to clients very quickly by VALK and can then be customized by the client.”
They can create any type of deal in a few clicks, “set up deal pages and ultra-secure enterprise grade data rooms and upload legal documentation as well as instantly tokenize all of their assets that are uploaded,” the announcement noted. It also mentioned that the platform “helps clients to keep up to date with investor activity while providing them with compliant and accurate live reporting on the performance of assets and holdings.”
The firm’s management further revealed that they’re “getting a lot of requests from clients and the market for even more innovative solutions on the digital asset and DeFi side so don’t be surprised if you hear from us soon with new product offerings that cater to that fast growing and complementary industry”