VALK, a technological solution that digitises the issuance and investment processes of unlisted company shares, has entered into a partnership with Koine to enable payment and cash custody on R3’s Corda platform for investment banks, asset and fund managers.
The partnership will make VALK and Koine the first platform on Corda to integrate with their solution and provide the UK and European markets with “quality and enterprise-grade custody and settlement services”, according to VALK founders Antoine Loth and Elie Azzi.
Koine provides a post-trade solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody and settlement services on the VALK platform.
Commenting on the partnership, Loth and Azzi, stated: “Our clients will now have the possibility to work with a secure solution which is tailored to institutional players such as our partners who are issuing, financing and trading very high-quality assets in the private equity, fund, infrastructure and real estate worlds. We are looking forward to onboard our first clients that will be using VALK and Koine powered solutions starting Q2 2020.”
Koine CEO, Hugh Hughes, said: “It is great to be partnering with VALK, providing clients with an ultra-secure ecosystem for custody and settlement through its Corda platform. It’s extremely important for VALK’s institutional client base of asset managers and fund managers that it has a truly industry-grade, compliant offering to meet their needs; and Koine is in a great position to deliver on all of the points.”
Meanwhile, just last week, R3’s Corda platform gained its
first licensed digital asset custodian in Hong Kong.
