April 19, 2023
New York, NY: April 19, 2023 — Inveniam Capital Partners Inc. (“Inveniam”), a leading fintech company offering proprietary data solutions to digitize and automate the middle-office for private assets, today announced a strategic alliance with Cushman & Wakefield, a leading global real estate services firm, to deliver a tech stack that will further the global trading of private market assets with real-time data surveillance.
Cushman & Wakefield will use the proprietary Inveniam.io data operating system which is based on patented blockchain technology. This will transform the way asset data is credentialed, extracted, structured and delivered for clients – providing better data quicker.
“The value being added by the Inveniam platform to our Valuations and Advisory business is only the beginning,” said Sal Companieh, Chief Digital & Information Officer, Cushman & Wakefield. “Our continuing V&A Digital Transformation will provide many other opportunities to benefit our clients across multiple businesses that depend in different ways on reliable data.”
Real estate asset appraisals and transactions can often be inefficient, involving unnecessary intermediaries and duplication of processes. Inveniam’s proprietary solution enables Cushman & Wakefield to assess the value of real estate assets more quickly and efficiently, creating a framework for real-time global trading with a high degree of transparency.
“Cushman & Wakefield’s utilization of our technology is another signal that private markets are evolving toward performing more like public markets,” said Patrick O’Meara, Inveniam’s Chief Executive Officer. “Our technology will help Cushman & Wakefield deliver digital middle-office capabilities with the potential to rapidly accelerate the tokenization of real estate assets.”
“Many major financial institutions are looking to digitize and tokenize the trading of private real estate on secondary markets. That effort begins with digitizing the middle-office,” said Rob Skinner, Executive Managing Director, Cushman & Wakefield’s US Lead for Valuation & Advisory.