Business
Collaboration with Tokeny
Collaboration with Tokeny.
About this update from Valereum Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\")\n \n29/07/2024\n\nValereum Plc\n\n(\"Valereum\" or the \"Company\")\n \nCollaboration with Tokeny for VLRM's Real World Asset Marketplace\n \nValereum Plc (AQSE: VLRM) is delighted to announce it will collaborate with Tokeny as a technology provider for VLRM's Real World Asset (\"RWA\") marketplace. Valereum aims to establish and operate a RWA marketplace utilising Tokeny's technology solutions, to enable the primary issuance and bulletin board-based secondary trading of various digital assets, including investment funds, private companies, real estate, commodities, and royalties.\nValereum has chosen to work with Tokeny to support the establishment of VLRM Markets' digital asset ecosystem of infrastructure and marketplaces, alongside the development of our longer term Digital Financial Market Infrastructure (\"DFMI\") solution. This turnkey solution will combine high-performance trading engines, on-chain technology, wallet and custody offerings by integrating third-party technology with VLRM's proprietary technology.\nTokeny's platform gives Valereum a fast-to-market RWA marketplace, making use of the open-source ERC3643 standard to enable the tokenisation of real world assets.\nV-Wallet users will be able to connect to VLRM's RWA marketplace in order to access, buy, sell, hold, and manage digital assets that are issued and available.\nThe tokenisation of RWAs is seen by industry commentators as one of the largest market opportunities in the blockchain sector, with a potential market size in the trillions of dollars. \nVLRM Markets seeks to exploit this opportunity via its V-Wallet and RWA marketplace to foster innovation in financial products, democratise access and promote financial inclusion, improve transparency and market efficiency, and unlock value for investors and asset owners alike.\nAbout Tokeny\nTokeny is an onchain finance operating system. The award-winning fintech provides compliant tokenisation with the open-source ERC-3643 token standard and advanced white-label software solutions for financial institutions. The...