Valereum PLC - Partnership with Securities & Trading Technology
Announcement provided by
Valereum Plc · VLRM31/05/2024 10:10
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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
31/05/2024
Valereum Plc
("Valereum", "VLRM" or the "Company")
Valereum Technology Partnership with Securities Trading Technology Mauritius (STT)
Valereum Plc (AQSE: VLRM), the
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
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