VALK

Valk Partners With Kione to Provide Custody Service for its White Label Clients

VALK - Kione Valk, the London based Fintech firm specializing in trading and management of unlisted assets has partnered with Kione – a post trade solutions specialist to offer its clients custody and settlement services linked with R3’s Corda technology in its platform. Valk has launched a revolutionarily white label service targeting financial services sector which has centralized and automated asset management and investment workflows thereby reducing processing time by 80% and cost associated with such activities which are normally done manually by 50%. Kione is a London based post trade solution provider which deals in both fiat currencies and digital assets. Valk has now partnered with Kione to offer a service which integrates Kione’s post trade solutions in is R3 Corda blockchain based platform to provide its clients with custody and settlement services.

Kione is an institutional grade service provider with capital markets grade governance and large operational scalability capacity. Its product solutions and services are structured in such a way that they eliminate counter-party, credit and insolvency risks while remaining complaint with modern regulatory conditions. This makes Kione’s post trade solutions highly preferable and ideal choice for investment banks, asset managers and fund managers given that the firm provides wide range of services under single banner. Its most notable product services are segregated institutional custody and settlement service and essential Financial Market Infrastructure. Valk believes that Kione is the most ideal partner as its uniquely structure business and security model helps transform post trade infrastructure in a manner which eliminates reconciliations while delivering real time settlement service in support of issuing and investment process which are enjoyed by Valk’s clients.

Commenting on this partnership, Antoine Loth and Elie Azzzi – Co-Founders of Valk said, “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”.

Speaking on same note, Hugh Hughes – CEO of Kione 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”.

Saverio Cianfrone, Sales Director at Kione added, “We are seeing a high demand for digitalization of value on the back of increased securitization 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”.