Private markets digital platform has achieved $4 billion-plus in assets and deals in a year as it continues rapid growth which has seen more than 70 financial institutions across Europe, North America, the Middle East, South America and Africa using its technology in 2021.
VALK, which is backed by venture capital funds and strategic financial investors R3, SIX Group, Ascension Ventures and Metavallon, has seen growth of 2,500 per cent in just nine months, having only celebrated hitting USD1 billion in deals in M&A and fund-raising activity just five months ago.
The London-based company enables clients including investment banks, hedge funds, family offices, fund managers and asset managers to digitise processes and assets to become more profitable and target new opportunities through secondary trading and access to exchanges
Its technology replaces slow manual processes in private markets with an end-to-end digital transaction and tokenisation 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 can share opportunities or investor pools and also connect to any digital exchanges on the Corda and Ethereum framework.
Read more/Source: Private Equity Wire
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