The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR")
31/05/2024
Valereum Plc
("Valereum",
"VLRM" or the "Company")
Valereum Technology Partnership with
Securities Trading Technology Mauritius (STT)
Valereum Plc
(AQSE: VLRM), the Gibraltar technology group, is
pleased to announce that Valereum 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"'.
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.
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.
About STT
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.
STT's mission is
"to create solutions that drive innovation,
growth, and efficiency for our clients by providing an environment
where our people can excel".
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."
Zack Hodgson,
Managing Director of 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".
For further information please
contact:
Valereum Plc
James Formolli, Chairman
Tel: +971 4584 6284
Stanford Capital
Partners
Tel: 023 3650 3650
Bob Pountney
Patrick Claridge
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 20 3855 5551
The directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit the
Company's website at vlrm.com