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Asset Manager ABC is a mid-sized investment bank in London. According to our conducted research, up to 50% of their investment teams’ man hours are wasted on back office and manual tasks, therefore, preventing them from focusing on analysis, negotiation, deal sourcing, and execution. In their expansion plan, ABC had two choices, either to increase their resources to drive more sales or to automate the tasks they do manually today. Having decided to go for the second option they met VALK.

VALK’s technology is an end to end digital transaction tool for private markets that makes investment, trading and management of unlisted assets effortless. Their white labelled platform centralizes and automates tasks and processes that today are still performed manually. By using their software the client digitizes their investment and asset management workflow. The user-friendly interface improves clients’ deal execution experiences, resulting in an increase of customers and trading volumes of unlisted assets. …


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The idea of a blockchain for digital securities comes down to a very simple question: can we represent ownership effectively by using smart contracts? Ownership can be represented as a relationship between an owner and an asset. Simultaneously, ownership must have some basic properties: it has to be verifiable, transferable and accrue value based on market dynamics.

Ownership is the main principle of security tokens. And token issuance platforms are trying to model ownership dynamics on top of existing blockchain that were designed for asset transfers.

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Any blockchain can be decomposed into three parts: a technological layer, an incentive mechanism and a node architecture. The technological layer is responsible for functions such as block issuance, transaction recording, consensus algorithm etc. The incentive mechanisms aggregate areas like consensus, token mining and several others. The node architecture describes the different types of roles a nodes can play in the network. For example, a blockchain like Ethereum was fundamentally designed for asset transfers and, therefore, have built the technological building blocks, node architecture and incentive mechanisms to support that model. …


Performing KYC and AML checks is a must for any project that intends to follow a proper governance and comply with regulations. The current security token platforms run as centralized entities on a decentralized blockchain, in fact they introduce centralization functions such as compliance validators (KYC/AML), off-chain processing etc. Those type of features are necessary not only to overcome the technical limitations of existing blockchain but to simplify the issuance of security tokens. However, the introduction of too many centralization might end up neglecting the value proposition of the blockchain in the first place.

DIDs provide a standard way for individuals and organizations to create permanent, globally unique, cryptographically verifiable identifiers entirely under the identity owner’s…

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