Apex will collaborate with the fintech company – The Royal Gazette
Created: September 8, 2022 07:53
Georges Archibald, Chief Innovation Officer and Regional Head of North America, Apex Group
Miami-based fintech company Inveniam Capital Partners Inc has announced a strategic partnership with Bermudian-based Apex Group Ltd, the global financial services provider, to offer valuation as a service to clients worldwide.
Through the partnership, Inveniam and Apex Group will use Inveniam’s patented blockchain technology and Inveniam.io data operating system to deliver digitally authenticated, higher-functioning private asset data for more consistent, fully auditable valuations.
Traditional valuation of property, private equity, infrastructure and private credit means involved an opaque and time-consuming process.
Inveniam.io’s use of blockchain and artificial intelligence increases trust in the underlying data and provides a fully auditable data trail for authorized users without requiring assets to relinquish control of their own data.
Inveniam.io legitimizes the underlying documents that form the basis of private asset valuations, extracts relevant data from these documents and provides real-time access to third-party valuation providers in a format that can increase the speed and reliability of the valuation process.
Inveniam’s solution provides the trusted data layer that can enable private market assets to trade more efficiently in secondary markets, increasing liquidity.
“Public markets thrive because of reliable infrastructure and broad access to information for investors,” said Patrick O’Meara, CEO of Inveniam.
“Our technology and our strategic partnership with Apex Group will allow us to revolutionize the private markets by bringing a new level of reliable information, price discovery and transparency to private markets. We are setting a new global standard for reliable private market data.”
Georges Archibald, chief innovation officer and regional head of North America, Apex Group, said: “As allocations to private asset classes continue to grow, reliable data is critical to trading private market assets.
“Using blockchain-verified data, through our innovative partnership with Inveniam, will create efficiencies and deliver benefits for the $3 trillion of client assets we serve.”
Apex Group said its customers will benefit from the Inveniam.io computing operating system and Valuation as a Service in several ways, including:
Control: Enables clients to retain full control over their own data while providing third parties with an immutable audit trail through a authenticated, end-to-end data stream
Automation: Automating real-time data delivery to a platform that third-party valuation providers can access to calculate fair value marks on a monthly or quarterly basis, increasing transparency and confidence in LPs
Speed: Significantly reduces the typical due diligence period of three to six months, while maintaining “sale-ready” assets
Value: Improve accounting processes through fully observable data points
Compliance: Prepare data on private assets to adapt to regulatory changes related to reporting requirements
Liquidity: Prepare assets for eventual seamless tokenization and the benefits of digital assets, including superior settlement and custody, capital table management, access to global markets, and the efficiency created by smart contracts
Apex Group and Inveniam said they will continue to collaborate for future service development, including Private Data Oracle, ESG solutions, asset tokenization and DeFi lending.
Patrick O’Meara, CEO of Inveniam
