Glafka Capital implements Valk’s Corda-based solution
Glafka Capital, a UK-based investment bank with offices across Europe, has partnered with Valk, the investment and trading management service, to digitise its entire process.
Built on R3’s Corda platform which underpins 40 other investment banks, Valk’s solution will digitise Glafka’s investment onboarding, data room analysis, legal documentation signing, investment and post trade.
By digitising investment bank processes from end-to-end, Valk says it can “dramatically minimize” costs and time spent on individual deals.
Valk also promises to increase deal and trade volume on the unlisted assets Glafka manages and offers to investors, as well as “instant settlement” thanks to R3’s Corda.
“Players such as Glafka are early movers and set in ideal position to reap the rewards that come with that,” says Valk’s founders Antoine Loth and Elie Azzi.
“They will shape industry trends and establish new standards of deal making and fundraising.”
The partnership will also see Glafka gain access to a large pool of roughly 350 institutions which trade and interact together on the Corda ecosystem. Archax and SDX are scheduled to go live on the same technology later this year.
“The implementation of Valk’s platform on Corda opens new horizons for Glafka in its deals,” says Glafka’s founders Petros Mylonas, Christoforos Papanicolaou and Aggelos Kotaridis.
“The opportunities are vast […] Whether this is a loan portfolio, a sale of hard asset, a capital increase or initial public offering (IPO), we will be able to provide a revolutionary digitised and secure workflow process together with secondary market liquidity.”