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Glafka Capital to implement Valk's R3 Corda-based platform

Source: VALK

GLAFKA will be the first investment bank to fully digitize its processes and offerings by using VALK’s solution built on Corda.

An enterprise grade blockchain platform, Corda, is developed by R3, who leads the largest blockchain ecosystem of more than 350 participants, including more than 40 global investment banks. From investment onboarding, to data room analysis, legal documentation signing, investment and post trade, GLAFKA’s processes will be digital, automated and concentrated on one single, secure and easy to use platform. VALK’s solution will enable it to dramatically minimize its process costs and time spent on deals by going all-digital while providing its clients with a better user experience that only digital banks or slick e-trading platforms have today.

Additionally, GLAFKA will now be able to offer a spectrum of services that would be unthinkable before thanks to significant innovations in technology that are used in the platform developed by VALK. It can simultaneously accommodate several live mandates with various live data rooms while monitoring and managing multiple prospects and investors on a perfectly secure infrastructure. Once a deal is completed, the platform continues to offer reporting services to its clients and ability to arrange secondary market transactions in a secure, digital and efficient environment.

GLAFKA’s vision goes even further. It plans to capitalize on the Corda ecosystem via VALK. This means gaining access to more than 350 enterprises using the same technological standard and thus permitting a large pool of institutions to trade and interact together. Besides, as digital exchanges such as Archax (VALK’s partner) or SDX (SIX group), are going live this year on the same technology, GLAFKA will be able to provide its clients access to a top class liquidity venue to list their products.

“We are delighted to work with GLAFKA in being the first fully digital investment bank that utilizes the Corda platform. They are pioneers, innovators and are here to gain pole position in this technological revolution that we are witnessing in the financial sector. There are already many opportunities that we want to help them take advantage of by connecting with Corda’s vibrant user base and exchanges we are close to. Players such as GLAFKA are early movers and set in ideal position to reap the rewards that come with that. Additionally, they will shape industry trends and establish new standards of deal making and fundraising. In these uncertain times, players need to be fast, agile and efficient, and this is exactly what we are helping GLAFKA to achieve” state VALK founders Antoine Loth and Elie Azzi.

“The implementation of VALK’s platform on Corda opens new horizons for GLAFKA in its investment banking deals. It is in the genes of the company to pioneer in the vast transformational changes that digitalization will bring to the financial markets. The opportunities are vast to offer our clients with unprecedented options. Whether this is a loan portfolio, a sale of hard asset, a capital increase or IPO, we will be able to provide a revolutionary digitized and secure workflow process together with secondary market liquidity” state GLAFKA Capital’s founders Petros Mylonas, Christoforos Papanicolaou and Aggelos Kotaridis.

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