Valk partners with Koine to enable payment and cash custody

Digital technology solution VALK has partnered with Koine to provide custody and settlement services on the VALK platform, according to a press release shared with Coin Rivet.

Koine’s business and security model transforms post trade infrastructure, effectively eliminating reconciliations while delivering real-time settlement.

Koine will offer a solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody on the VALK platform.

“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.” Said VALK founders Antoine Loth and Elie Azzi.

“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,”

Koine CEO, Hugh Hughes, added: “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.”

For more news, guides and cryptocurrency analysis, click here.