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")
14/08/2024
Valereum
Plc
("Valereum" or the "Company")
Valereum Leverages
Fireblocks' Technology for its Real World Asset (RWA)
Infrastructure
Incorporation of Subsidiary
in El Salvador
Issue of
Warrants
Valereum Plc (AQSE: VLRM) is pleased
to announce VLRM Markets is using Fireblocks' enterprise-grade
technology as a key part of its Real World Asset ("RWA")
infrastructure.
Fireblocks will be used for various
functions, including to deliver a secure infrastructure for
sending, storing, and issuing digital assets through VLRM Markets'
RWA platform. Fireblocks provides leading wallet security
technology by combining the latest breakthroughs in Multi-Party
Computation (MPC) cryptography with hardware isolation.
The integration of the Fireblocks
advanced wallet security technology within the RWA platform will
support VLRM Markets in the delivery of fast, secure, and compliant
digital asset services.
Adrian Hogg, Head of VLRM Markets:
"This is another important component of VLRM Markets' RWA
infrastructure. Fireblocks' enterprise-grade technology will
support and enable the efficient and secure functioning of
operational elements of our RWA ecosystem."
Stephen Richardson, Managing Director, Financial Markets at
Fireblocks:
"We are delighted to provide VLRM Markets with
our battle-tested and flexible wallet infrastructure with
multi-layer security, ensuring customer assets are kept secure at
all times."
Incorporation of Subsidiary in El Salvador
Valereum is also pleased to announce
the incorporation of a subsidiary company in El Salvador, which it
intends to use to explore business opportunities, given El
Salvador's approach to
innovation.
Issue of Warrants
The Company has issued 2,000,000
warrants over ordinary shares of £0.001 each in the Company to a
legal service provider. The warrants are exercisable after an
initial period of 1 year from the date of award, at a cost of
£0.005 per share and expire after 2 years from the date of
issue.
For further information, please
contact as follows:
Enquiries:
Valereum Plc
James Formolli,
Chairman
Tel: +971 4584 6284
Stanford Capital
Partners
Tel: 023 3650 3650
Bob Pountney
Patrick Claridge
First Sentinel Corporate Finance
AQSE Corporate Adviser
Brian Stockbridge
Tel: +44 20 3855 5551
Further updates to follow in due
course.
The Directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit
the Company's website at www.vlrm.com