Miami-based fintech company Inveniam Capital Partners Inc has announced a strategic partnership with Bermudian-based Apex Group Ltd, the global financial services provider, to offer Valuation as a Service to clients worldwide.

Through the partnership, Inveniam and Apex Group will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialed, higher-functioning private asset data for more consistent, fully auditable valuations.

Traditionally valuing real estate, private equity, infrastructure and private credit assets involved an opaque and time-consuming process.

Inveniam.io’s use of blockchain and artificial intelligence increases trust in the underlying data and provides a fully auditable data trail for permissioned users without the need for asset owners to relinquish control of their own data.

Inveniam.io credentials the underlying documents which form the basis for private asset valuations, extracts relevant data from those documents, and provides real-time access to third-party valuation providers in a format that can increase the speed and reliability of the valuation process.

Inveniam’s solution provides the trusted data layer which can enable private market assets to trade more efficiently in secondary markets, increasing liquidity.

“Public markets thrive because of trusted infrastructure and wide access to information for investors,” says Patrick O’Meara, chief executive officer of Inveniam.

“Our technology and our strategic partnership with Apex Group will allow us to revolutionise the private markets by bringing a new level of trusted information, price discovery and transparency to private markets. We are setting a new global standard for trusted private market data.”

Georges Archibald, chief innovation officer & regional head of North America, Apex Group, said: “As allocations to private asset classes continue to grow, trusted data is essential to being able to transact in private market assets.

“Using data that is verified on blockchain, through our innovative partnership with Inveniam will create efficiencies and deliver benefits for the $3 trillion of client assets we service.”

Apex Group said its clients will benefit from the Inveniam.io data operating system and Valuation as a Service in several ways, including:

Control: Empowering clients to retain full control of their own data while providing third parties with immutable audit trail through a credentialed, end-to-end data stream

Automation: Automating real-time data delivery into a platform which third-party valuation providers can access to calculate fair value marks on a monthly or quarterly basis, enhancing transparency and trust for LPs

Speed: Significantly reducing the typical three- to six-month due diligence period while maintaining “sale ready” assets

Value: Improving accounting treatments through fully observable data points

Compliance: Preparing private asset data to adapt to regulatory changes pertaining to reporting requirements

Liquidity: Preparing assets for eventual seamless tokenisation and the benefits of digital assets including superior settlement and custody, capital table management, access to global markets, and the efficiencies created by smart contracts

Apex Group and Inveniam said they will continue to partner for future service developments, including Private Data Oracle, ESG solutions, asset tokenisation and DeFi lending.