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Valereum subsidiary to deploy DigiShares tokenisation platform

ALN

Valereum PLC on Friday said its subsidiary, VLRM Markets SA, has been authorised to adopt DigiShares Inc’s real world assets tokenisation platform.

The England-based digital asset infrastructure firm said the platform is one of VLRM Markets’ core technologies and will operate as a white-labelled solution within VLRM Markets’ marketplace.

It has been authorised by the National Commission of Digital Assets, based in El Salvador.

The platform is anticipated to go live this month following regulatory approval, according to Valereum.

Valereum said it expects the deployment ‘to support accelerated revenue growth opportunities’ for VLRM Markets by increasing its operating margins through ‘enhanced service levels and operating efficiencies’.

VLRM Markets is a platform which allows users to tokenise, trade, and manage real-world assets.

Valereum said the DigiShares platform allows for the ‘scaling of multiple asset classes, including real estate, infrastructure, intellectual property, sports, and ESG-linked assets.’

‘VLRM Markets will further progress its ecosystem development as it moves beyond third-party reliance by embedding the technology and IP provided by its strategic investee companies. Valereum has selectively invested in category leaders across key segments of the digital asset value chain to create a cohesive ecosystem,’ said Valereum.

The company said the deployment may also open opportunities for VLRM Markets to extend its reach into the United Arab Emirates.

Valereum Chief Executive Gary Cottle said: ‘This agreement with DigiShares better equips us to quickly establish VLRM Markets as one of the leading hubs for tokenised real-world assets in Latin America and beyond. DigiShares’ proven platform hands us the technological foundation to rapidly bring high-quality tokenised assets to market in a secure and regulated environment.’

Shares in Aquis-listed Valereum rose 3.3% to 7.75 pence on Friday afternoon in London.

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