VALK, the London-based end-to-end digital transaction solution for private markets built on Corda, has secured a place in the UK Financial Conduct Authority’s regulatory sandbox.
Launched in 2016, the FCA regulatory sandbox is designed to help the financial services industry and the UK fintech market, worth £11 billion, to collaborate and solve some of the industry’s most complex challenges.
It also provides a safe test-space for companies, and the regulator, to learn how products work, normally for several months, with safeguards in place.
VALK is operating a digital end-to-end solution for investment banks, asset and fund managers as well as multi-family offices that integrate every stage of a fundraise or M&A deal onto one secure platform, which connects financial institutions and investors.
Based on the Corda Digital Ledger Technology, the product’s interoperability seamlessly digitises and automates the securities issuance process for a streamlined, efficient and more secure execution of private offers.
For this year’s FCA sandbox chosen cohort, VALK is collaborating with leading global law firm CMS on the product’s development to ensure it fully complies with all legal and regulatory requirements.
For VALK, a successful exit from the sandbox will mean it ensures its products will be FCA-authorised and that its infrastructure and processes are fully compliant for regulatory standards, enabling its clients to take full advantage of its opportunities.
Antoine Loth, Co-Founder of VALK said,
“Our success and experience to date has helped us to ensure a sought-after place in the FCA regulatory sandbox and we look forward to participating fully in this hugely beneficial and unrivalled experience as part of our growth journey.
We warmly welcome the opportunity to test our leading digital platform solution so that we can help to bring even greater efficiency, reliability, transparency and liquidity to a market in urgent need of reform.”
Featured image: (Left to right) VALK founders Elie Azzi and Antoine Loth
