Luxembourg tokenisation platform Tokeny has secured €5m in investment after partnering with software as a service company Inveniam Capital Partners.
Tokeny says that the investment, which came from Inveniam, Apex Group and K20 Fund, and partnership will enable the firm to cover the “entire value chain of tokenised assets” for private asset owners.
Tokeny was founded in 2017 to provide compliance, transfer and management infrastructure for digital assets using distributed ledger technology. The Tokeny platform streamlines processes, including KYC/AML checks, investor subscriptions management, capital tables, distributions and capital calls.
Inveniam Capital Partners was established in 2017 as an advisory firm that emerged from a family office. Headquartered in Florida, it was the first US company to tokenise its common stock and today offers valuation and pricing data using dlt technology. Apex Group, meanwhile, is a global financial services provider.
The partnership is expected to unlock greater liquidity in the process of tokenised assets by empowering investors to make peer-to-peer transfers using Tokeny’s platform with pricing that is transparent thanks to Inveniam’s data.
In a statement dated 13 January, Tokeny CEO Luc Falempin said: “Tokeny’s capabilities pick up right where Inveniam’s end and vice versa, addressing two biggest obstacles in private markets, pricing data and compliance, on a hyper-efficient infrastructure. In tandem with this very synergistic partnership, the investment by Apex Group, K20 Fund, and Inveniam will allow us to further improve our solutions and accelerate the adoption of tokenization with the best-in-class technology.”
The announcement is the latest in a series of partnerships signed by Tokeny. At the start of January 2022, the firm teamed up with crypto exchange BitMEX to help launch BMEX tokens. In 2020, CB Insights listed Tokeny among its top 50 companies in the blockchain space. The company is backed by Euronext.
