Inveniam Now Leverages Provenance Blockchain to Provide Data and Valuations For Private Real-World Assets

Within the past month, Inveniam has ledgered over $4.5 billion in private asset validation data on Provenance Blockchain

Inveniam Capital Partners, Inc., and the Provenance Blockchain Foundation today announced the integration of the Provenance Blockchain with the Inveniam.io platform, further expanding the ability of private asset owners to record asset data and valuations via immutable blockchain technology purpose-built for financial services, while also setting the stage for a more seamless tokenization of these financial assets.

As a result of the integration, assisted by a grant from the Provenance Blockchain Foundation, users of Inveniam’s proprietary data lifecycle management platform can now easily ledger a broad range of asset data points on the Provenance Blockchain, including performance data, chain of title, and supporting documentation. Since mid-December 2023, Inveniam has credentialed third-party valuations and supporting underlying data totaling $4.5 billion in assets on the Provenance Blockchain.

Inveniam has successfully completed its integration with the Provenance Blockchain, which is dedicated to modernizing financial services and is purpose-built for regulated or traditional financial institutions, fintechs, and DeFi brands. Since 2018, leading banks, asset managers, and fintechs have leveraged the purpose-built Provenance Blockchain to deploy and transact over $16 billion in assets cheaper, faster and safer than ever before. Currently, Provenance Blockchain has more than $9 billion in real-world tokenized assets locked on-chain.

Through the integration announced today, market participants like asset owners and fund managers have access to a third-party professional valuation, supported by a complete audit trail linking summary data to each supporting source document and data artifact. In each case, that audit trail can now be immutably credentialed through the Provenance Blockchain.

“We’re excited to welcome Inveniam to the Provenance Blockchain ecosystem. Inveniam and their world-class team are going to play a crucial role in digitizing trillions of dollars of assets onto the Provenance Blockchain ecosystem,” said Anthony Moro, CEO of the Provenance Blockchain Foundation.

“Provenance Blockchain is a platform and ecosystem that will serve the next generation of capital markets and has built an amazing group of infrastructure providers serving financial institutions. Inveniam is proud to become part of this ecosystem and to collaborate with so many high-quality technologists, entrepreneurs, and institutions,” said Patrick O’Meara, CEO of Inveniam. “Our work delivering data on real-world assets requires the technology that the Provenance Blockchain provides, such as governing rules and identity systems. The private funds and asset owners on our platform will benefit from the confidentiality and permissioning for which Provenance was built. It’s a great way to bring trusted valuations to TradFi and DeFi assets alike, and we look forward to achieving more together.”