January 13, 2022
The partnership comes alongside a €5m investment in Tokeny from Inveniam, Apex Fund Services, and K20 Fund
MIAMI–(BUSINESS WIRE)–Inveniam Capital Partners, Inc. (“Inveniam”), and Inveniam.io, its operating system for private market data that drives price discovery and automated waterfall calculation, announced today a partnership with Tokeny Solutions (“Tokeny”). The partnership includes a €5m investment in the Luxembourg-based tokenization platform; the investment is led by Inveniam with participation from K20 Fund and Apex Fund Services.
Inveniam works with private market asset owners and managers to deliver trusted valuation and pricing data using distributed ledger technology. This data underpins private market digital assets and gives these assets integrity upon which market participants can establish price discovery. The Inveniam.io platform enables asset owners and managers to benefit from a more liquid asset, whose value is easier to unlock.
Tokeny offers a comprehensive and institutional-grade white-label solution for digital assets that allows asset owners and managers to efficiently and compliantly issue, transfer, and manage digital assets. All processes — from the client onboarding process, including KYC/AML checks, to the administration required to manage investor subscriptions, capital tables, distributions, and capital calls — are streamlined on the Tokeny platform.
The partnership aims to pair better data in private market assets with tokenization to unlock asset liquidity. This partnership will provide the key technical solutions private asset owners need, covering the entire life cycle of private market assets and underpinned with trusted data regarding asset valuation and pricing. This opens the door to global secondary trading of these tokenized assets and can create significant value for private market investors, as well as asset owners, managers, and servicers.
“We’ve been collaborating with the Tokeny team for more than two years and they have built a remarkable company and technology stack, which can interface with global exchanges and connect to the DeFi markets as well,” said Pat O’Meara, Chairman and CEO of Inveniam. “Global secondary trading of private market assets in a tokenized form will transform the alternatives space, including CRE, infrastructure, private equity, and private credit. To become a reality, the market demands a high-functioning user experience, seamless technology utilization/integration with legacy systems, and underlying data that can be trusted, all within the right regulatory structures. This partnership addresses all those requirements for success.”
While Tokeny’s solutions provide a compliance infrastructure enabling asset managers to easily bring nearly every kind of real-world asset to the blockchain, Inveniam allows investors to access trusted data and asset valuation. Liquidity will be realized as investors can conduct peer-to-peer transfers using Tokeny’s compliance framework with a fair and transparent price reference provided by Inveniam.
“Tokeny’s capabilities pick up right where Inveniam’s end and vice versa, addressing two of the biggest obstacles in private markets — pricing data and compliance — through a hyper-efficient infrastructure,” said Luc Falempin, CEO of Tokeny. “In tandem with this very synergistic partnership, the investment by Apex, K20, and Inveniam will allow us to further improve our solutions and accelerate the adoption of tokenization with what we believe to be the best-in-class technology.”
Additional value to the market is expected to accrue as the partnership will ultimately enable Apex Group, Inveniam’s fund administration partner, to deliver cutting-edge, end-to-end services to a broad ecosystem of private asset owners.