Euroclear acquires private markets FinTech Goji

By Gloria Methri

Euroclear has completed its acquisition of Goji, a London-based provider of digital access and tech solutions to private markets. Goji currently serves nearly 30,000 investors from 80 investor jurisdictions, providing clients with technology that unlocks access to private markets for a new class of investors.

According to Euroclear, the combination of its open infrastructure and Goji’s innovative technology will provide a digital platform enabling end-to-end access to the private fund market.

This will create a compelling offering for all market participants, including investors, asset managers, and fund service providers. Private market assets are currently valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025, the company said.

This investment will allow Euroclear to expand its footprint into private markets, building upon its recent successful acquisition of the MFEX funds distribution platform. The deal has enabled the company to provide a one-stop shop offering to clients across a spectrum of products including mutual and alternative funds, ETFs, and private funds.

David Genn, CEO of Goji said: “We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the funds industry with Goji’s technology and experience means we can deliver a solution together that will serve and transform the private markets industry.”

Lieve Mostrey, CEO of Euroclear Group added: “Our partnership with Goji supports our ambition to enter the private markets space. We see a strong demand from the market for more scalable and digitalised solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services. One year after the MFEX acquisition, this new investment fully supports our global funds strategy to be a leading platform across all fund asset classes.”