IBS Journal: The iconic monthly FinTech magazine

February 2020 issue out now! Subscribe now

Launching India FinTech Report 2020

Market sizing and forecast of Digital Lending, Payments, WealthTech & RegTech. Subscribe now

Leading Back Office Systems for Banks

In-depth Supplier Profiles and User Lists. Subscribe now

In-depth Banking Tech and FinTech Research

Over 300 research reports that's updated quarterly. Subscribe now

Valk, Archax partner to facilitate digital listing and issuance

VALKValk has announced its partnership with Archax with the aim to facilitate digital listing and issuance, according to media reports. The partnership realises two clients of R3’s enterprise blockchain platform Corda, to join forces thereby enabling financial institutions to issue and list digital assets on a UK-based exchange.

In December 2019, it was announced that R3 was in a partnership with Penta Security, provider of web and data security services for Digital Asset Management (DAM) and MPC (Multi-Party Computation) technology. The strategic collaboration combines Penta Security’s technologies and R3’s Corda.

“We are delighted to seal this partnership with Archax and look forward to being one of the first platforms on Corda to integrate with their exchange. Our clients will now have access to a gateway to liquidity and Archax can benefit from the incredible deal flow of our partners who are issuing, financing and trading very high-quality assets in the private equity, fund, infrastructure and real estate worlds. We are glad to be building the business interface between top performing and reputable institutional players and Archax, the most innovative market venue in the UK,” as stated by VALK Founders Antoine Loth and Elie Azzi, according to media reports.

The partnership will bring a liquidity venue and gateway to institutions working with VALK and also offer Archax with a number of digital security offerings from the VALK ecosystem of established and regulated financial institutions.

Graham Rodford, Archax Co-Founder & CEO expounded, “We are building the first truly global, institutional market for digital securities based in London. As such, we are keen to list the most credible token offerings – so partnerships like this one with VALK are highly relevant and important to us. Although we are blockchain agnostic in terms of the tokens that we list, we have partnered with R3 to use Corda for our own ledger and post-trade activities, so this collaboration with VALK, who use Corda too, makes a lot of sense. We are excited by the opportunity that the tokenisation of assets brings, and we look forward to working with VALK going forward.”

R3 will also be providing support and expertise to the open trade finance network – Contour, which launched today in Singapore. Backed by Bangkok Bank, BNP Paribas, CTBC, HSBC, ING Bank, Standard Chartered, SEB, Bain & Company, CryptoBLK and R3; the independent global network is built on R3’s Corda blockchain and will initially focus on Letters of Credit (LoCs) issued between banks, typically across country borders.

Related Posts