Tokeny, the Luxembourg-based tokenization platform, announced today a partnership with Inveniam Capital Partners, Inc. (“Inveniam”), a SaaS company delivering trust, transparency and completeness of data to private market assets. The partnership includes a €5m investment by Inveniam, Apex, and K20 Fund.
Inveniam works with private market asset owners and managers to deliver trusted valuation and pricing data using distributed ledger technology. This data underpins private market digital assets and gives these assets integrity upon which market participants can establish price discovery. The benefit to asset owners and managers is a more liquid asset, which can unlock value.
Tokeny offers a comprehensive and institutional-grade white-label solution for digital assets that allows asset owners and managers to efficiently and compliantly issue, transfer, and manage digital assets. All processes, from the client onboarding process including KYC/AML checks to the administration required to manage investor subscriptions, capital tables, distributions, capital calls, etc., are streamlined on the Tokeny platform.
The partnership aims to fully unlock asset liquidity via tokenization, which will be facilitated by providing all technical solutions private asset owners need, covering the entire value chain of tokenized assets underpinned with trusted data regarding asset valuation and pricing. These synergies can return significant value to each company’s clients.
“We’ve been watching the Tokeny team’s progress and product evolution for more than two years and know they’re building next-gen tokenization systems the efficient and compliant way. Totally altering the global trading of private market assets will only work on the institutional level if the experience is seamless, the technology is top-notch, and the right regulatory structures and business networks are in place. This partnership addresses all those requirements for success.“Patrick O’Meara, Chairman and CEO of Inveniam
While Tokeny’s solutions provide a compliance infrastructure enabling asset managers to easily bring nearly every kind of real-world asset to blockchain, Inveniam allows their investors to access trusted data and asset valuation. Liquidity will be realized as investors can conduct peer-to-peer transfers using Tokeny’s compliance framework with a fair and transparent price reference provided by Inveniam.
“Tokeny’s capabilities pick up right where Inveniam’s end and vice versa, addressing two biggest obstacles in private markets — pricing data and compliance — on a hyper-efficient infrastructure. In tandem with this very synergistic partnership, the investment by Apex, K20, and Inveniam will allow us to further improve our solutions and accelerate the adoption of tokenization with the best-in-class technology.“Luc Falempin, CEO of Tokeny Solutions
Additional value to the market will accrue as the partnership will ultimately enable Apex Group, Inveniam’s fund administration partner, to deliver end-to-end cutting-edge services to a broad ecosystem of private asset owners.
Inveniam is a blockchain-based fintech company, headquartered in Miami, Florida, with offices in New York City and Novi, MI. Founded in 2017, Inveniam has built Inveniam.io, a powerful technology platform that utilizes big data, AI, and blockchain technology to provide not only surety of data, but high-functioning use of that data in a distributed data ecosystem. Through Inveniam’s platform, users can obtain real-time pricing of private, infrequently traded assets, accelerate diligence, accurately price assets, and identify buyers for those assets. Inveniam’s platform credentials data to commute trust throughout the global financial system. Inveniam holds numerous patents pertaining to the ingestion of data into smart contracts. As of January 2022, there are $5.7 billion in assets on the platform.
Tokeny allows financial actors operating in private markets to compliantly and seamlessly issue, transfer, and manage securities using distributed ledger technology, enabling them to improve asset liquidity. Due to disconnected and siloed services that are currently used to enforce trust, private markets experience poor asset transferability with little to no liquidity. By applying trust, compliance, and control on a hyper-efficient infrastructure, Tokeny enables market participants to unlock significant advancements in the transferability and liquidity of financial instruments. Tokeny is the leader in its field and in 2020 was named one of the top 50 companies in the blockchain space by CB Insights. The company is backed by Euronext.