September 7, 2022
Inveniam Capital Partners Inc. (“Inveniam”), a leading financial technology company offering greater transparency and access to private market assets, today announces a strategic partnership with Apex Group Ltd. (“Apex Group”), a global financial services provider, to offer Valuation as a Service (“VaaS”) to clients worldwide. Through the partnership, Inveniam and Apex Group will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialed, higher-functioning private asset data for more consistent, fully auditable valuations.
Traditionally valuing real estate, private equity, infrastructure, and private credit assets involved an opaque and time-consuming process. Inveniam.io’s use of blockchain and artificial intelligence increases trust in the underlying data and provides a fully auditable data trail for permissioned users without the need for asset owners to relinquish control of their own data.
Inveniam.io credentials the underlying documents which form the basis for private asset valuations, extracts relevant data from those documents, and provides real-time access to third-party valuation providers in a format that can increase the speed and reliability of the valuation process. Inveniam’s solution provides the trusted data layer which can enable private market assets to trade more efficiently in secondary markets, increasing liquidity.
“Public markets thrive because of trusted infrastructure and wide access to information for investors,” says Patrick O’Meara, Chief Executive Officer of Inveniam. “Our technology and our strategic partnership with Apex Group will allow us to revolutionize the private markets by bringing a new level of trusted information, price discovery and transparency to private markets. We are setting a new global standard for trusted private market data.”
“As allocations to private asset classes continue to grow, trusted data is essential to being able to transact in private market assets. Using data that is verified on blockchain, through our innovative partnership with Inveniam will create efficiencies and deliver benefits for the $3 trillion of client assets we service,” comments Georges Archibald, Chief Innovation Officer & Regional Head of North America, Apex Group.
Apex Group’s clients will benefit from the Inveniam.io Data Operating System and Valuation as a Service in several ways, including:
Apex Group and Inveniam will continue to partner for future service developments, including Private Data Oracle, ESG solutions, asset tokenization and DeFi lending.
Inveniam is a fintech company, headquartered in Miami, with offices in New York City and Novi, MI. Founded in 2017, Inveniam has built Inveniam.io, the data operating system for delivering access, transparency, and trust in the value and performance of private market assets. Inveniam.io utilizes big data, AI and blockchain technology to provide not only surety of data, but also high-functioning use of that data in a distributed data ecosystem. Through Inveniam’s data operating system, users can obtain real-time pricing of private, infrequently traded assets, accelerate diligence, accurately price assets, and identify buyers for those assets. Inveniam’s platform credentials data to commute trust throughout the global financial system. Inveniam holds numerous patents pertaining to the ingestion of data into smart contracts.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility. For more information, visit https://www.apexgroup.com