Euroclear acquires private markets FinTech Goji

By Gloria Methri

Euroclear has completed the acquisition of Goji, a London-based provider of digital access and technology solutions to private markets. Goji currently serves nearly 30,000 investors from 80 investor jurisdictions, providing clients with technology that unlocks access to private markets for a new class of investors.

According to Euroclear, the combination of the open infrastructure and Goji’s innovative technology will provide a digital platform that enables end-to-end access to the private fund market.

This will create a compelling proposition for all market participants, including investors, asset managers and fund service providers. Private market assets are currently valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025, the company said.

This investment will allow Euroclear to expand its footprint into private markets, building on the recent successful acquisition of the MFEX fund distribution platform. The agreement has enabled the company to offer a one-stop shop offering to clients across a range of products, including mutual funds and alternative funds, ETFs and private funds.

David Genn, CEO of Goji said: “We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the funds industry with Goji’s technology and experience means that together we can deliver a solution that will serve and transform the private market industry.”

Lieve Mostrey, CEO of Euroclear Group added: “Our partnership with Goji supports our ambition to enter the private market. We see a strong demand from the market for more scalable and digitized solutions and given the opportunities it makes perfect sense to add this capability to our portfolio of services . One year after the MFEX acquisition, this new investment supports our global fund strategy to be a leading platform across all fund asset classes.”