LONDON: Valereum Plc (AQSE: VLRM), the Gibraltar technology group, and Securities Trading Technology (Mauritius) Ltd (STT) have entered into a strategic partnership to jointly develop Valereum’s core technology infrastructure – “The Bridge” Digital FMI (Financial Market Infrastructure).
STT will provide continued support and development from their extensive in-house expertise within capital markets technology, with a goal to commercialise the combined technologies of STT and Valereum, for future white label solutions and launches of VLRM marketplaces to showcase the innovative advantages of “The Bridge”‘.
Nick Cowan, CEO of Valereum stated: “We are very excited to be partnering with STT on completing and commercialising our Bridge Digital FMI vision. In STT we have a partner that delivers world-leading exchange infrastructure and has the capabilities and functionality to support us in developing and delivering a total solution incorporating blockchain technology to transform the way digital assets trade and settle. We look forward to a long and successful relationship with the STT team.”
Earlier in the year VLRM set out its vision to develop transformational innovative technology solutions to financial market participants to provide end-to-end digital securities lifecycle infrastructure.
The partnership with STT will allow Valereum:
● to complete the final stages of the V1 Bridge Digital FMI, alongside a robust testing programme;
● the on-going development of future roll-outs alongside required updates, upgrades and enhancements;
● the parties combining their respective resources and skills connections and outreach in pursuit of commercialising The Bridge Digital FMI, through joint licensing opportunities.
The strategic partnership facilitates the two companies’ plan to actively advance into the digital securities space and reform the current legacy trading model by utilising blockchain technology.
Valereum seeks to build on the considerable work completed by the recently acquired GATENet, that designed its proprietary Digital FMI to provide end-to-end digital securities lifecycle infrastructure from issuance, listing, trading to settlement, for securities, fiat, and digital assets, to reduce costs and increase efficiencies for all issuers, investors, and market participants everywhere.
Securities Trading Technology (Mauritius) Ltd (STT) will integrate Valereum’s Bridge’s Digital FMI with its core products to enhance its features and provide a unique offering to all financial market participants.
Zack Hodgson, Managing Director of Securities Trading Technology (Mauritius) Ltd (STT) commented: “We are very proud to be partnering with Valereum to complete the development of the final core element of their Digital FMI and jointly accelerate the impact our combined technology will have across the digital securities landscape. Blockchain technology provides numerous benefits to the traditional legacy trading and settlement model, and we are excited to accelerate this journey with the VLRM team”.
Securities Trading Technology (Mauritius) Ltd (STT) is a global leader in financial market software, powering participants across the global financial marketplace and providing solutions to many financial markets around the world for over 36 years. STT is a developer and supplier of STT Software Solutions including inter alia, exchange, trading, surveillance, clearing, depository, risk management and back-office solutions, to securities exchanges, central banks, and other financial intermediaries operating in financial markets throughout the world.
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