Technology and software provider VALK, which digitises the management, investment and trading of unlisted assets, has announced that it has joined the BT Radianz Cloud, one of the world’s largest secure cloud communities for the global financial markets.
As a result of joining the Radianz Cloud, VALK has now extended the availability of its Corda-based blockchain technology to Radianz community members, allowing them to access the Corda network and to leverage a “wide range” of additional applications.
VALK is the first Corda provider to join the Radianz Cloud, which gives brokers, institutions, exchanges, clearing and settlement houses secure access to thousands of applications from hundreds of specialist applications and service providers critical to the operation of global financial markets.
— Finextra (@Finextra) April 14, 2020
The company’s founders, Antoine Loth and Elie Azzi, revealed their delight at the news, stating that it enables them to offer services directly to a number of institutional clients via a secure private network.
Radianz Managing Director, Michael Woodman, added: “DLT has seen a significant surge in interest among our clients, with an increasing number of firms leveraging it for real-life applications or R&D activities. Enabling access to Corda blockchain nodes via VALK’s platform will create new opportunities for our institutional clients to capitalise on the significant potential DLT presents.”
In April Coin Rivet reported on VALK’s partnership with institutional settlement firm Koine to provide custody.
Koine CEO, Hugh Hughes, heaped praise on VALK by hailing the platfrom as an “ultra-secure” ecosystem for custody and settlement.
“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.” He added.
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