VALK partners with Koine to enable payment and cash custody on Corda for investment banks, asset and fund managers

VALK partners with Koine to enable payment and cash custody on Corda for investment banks, asset and fund managers
14.04.2020 10:38 am

VALK partners with Koine to enable payment and cash custody on Corda for investment banks, asset and fund managers


VALK is pleased to announce a partnership with Koine, who 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.

As an institutional grade service provider, Koine eliminates counter-party, credit and insolvency risks in a compliant, regulated environment. With its capital markets grade governance and huge operational scalability, Koine is the ideal choice for investment banks, asset managers and fund managers that are using VALK’s white label solution.”

Koine’s unique business and security model transforms post trade infrastructure eliminating reconciliations and delivering real-time settlement in support of the issuing and investment processes that VALK’s clients enjoy.

“We are delighted to seal this partnership with Koine and look forward to being the first platform on Corda to integrate with their top-class solution and provide the UK and European markets with quality and enterprise-grade custody and settlement services. 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,”

state VALK founders Antoine Loth and Elie Azzi.

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.”

Koine Sales Director, Saverio Cianfrone, said: “We are seeing a high demand for digitalisation of value on the back of increased securitisation activity by banks since the troughs following the 2008 crisis. The efficiency and transparency provided by digital assets offer issuers a solid and transparent foundation for distributing products to their clients.”

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