The 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")
29/07/2024
Valereum Plc
("Valereum" or the
"Company")
Collaboration with Tokeny for VLRM's
Real World Asset Marketplace
Valereum 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.
Valereum 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.
Tokeny'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.
V-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.
The 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.
VLRM 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.
About
Tokeny
Tokeny 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 enterprise-grade
platform and APIs unify fragmented onchain and offchain workflows,
integrating essential services to eliminate silos to enable
seamless issuance, transfer, and management of tokenized
securities. Tokeny has successfully executed over 120 use cases
across five continents.
Tokeny - The Enterprise-Grade Tokenisation
Platform
Head of VLRM
Markets, Adrian Hogg, commented:
"Working with Tokeny to establish VLRM's RWA marketplace
that connects to our V-Wallet will
form part of our technology infrastructure. It is one of the
enablers to realise our vision for tokenisation to
fundamentally transform the financial landscape by making asset
ownership more efficient, transparent and accessible for
all."
Luc Falempin,
CEO of Tokeny commented:
"VLRM's
vision is to bring onchain finance to investors, delivering
real-time, transparent, and interoperable financial solutions that
transcend traditional market limitations. We are honoured to
provide VLRM with a comprehensive onchain finance operating system,
ensuring seamless, compliant, and innovative operations and
transactions. Together, we are building a brighter, more efficient
future for finance."
For further information, please contact as
follows:
Enquiries:
Valereum
Plc
James Formolli, Chairman
Tel: +971 4584 6284
Stanford
Capital
Partners
Tel: 023 3650 3650
Bob Pountney
Patrick Claridge
First Sentinel
Corporate Finance
AQSE Corporate Adviser
Brian Stockbridge
Tel: +44 20 3855 5551
Further updates to follow in due
course.
The Directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit the Company's
website at www.vlrm.com