Luxembourg-based blockchain firm Tokeny has partnered with UK fintech Globacap in a bid to improve workflow for tokenised funds in the private markets sector.

The alliance will see Tokeny combine its token standard for tokenised securities with Globacap’s automated workflow software.

The respective technologies will then be applied to private assets funds within the DINO network, a distribution network for digital assets based on Tokeny’s ERC-3643 standard.

“This partnership aims to bring public market-like efficiency to private markets, enabling greater execution capabilities in secondary markets, streamlining workflows, and ensuring robust record integrity,” according to a statement from both firms.

Growth in private capital markets has outpaced public markets in the last decade and tokenisation has been seen as a way to improve both the accessibility and efficiency of the market.

However, a prominent challenge is enforcing post-issuance compliance and ensuring interoperability with distribution platforms.

“Despite the size and importance of private markets which have over US$13 trillion AuM, for years they have lacked the infrastructure and transparency necessary for efficient transactions,” said Myles Milston, cofounder and CEO of Globacap.  

“The combination of our offering with Tokeny is immense and will help to drive private markets innovation and growth forward.”

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