Private equity firm G42 supports acquisition of tokenization company Hedgehog specializing in private markets by Inveniam
Inveniam, a private market data firm that has been using blockchain technology to create transparent and verifiable data infrastructure for real world assets, including tokenized assets, has made a strategic move by acquiring Hedgehog, a white label investment solution for tokenized real world assets.
The acquisition, which was agreed upon late last year, positions Inveniam to expand its tokenization capabilities, enhance asset digitalization, and potentially accelerate adoption of tokenized asset ecosystems. Hedgehog's vision aligns with Inveniam's, focusing on the tokenization of private assets and distribution to private investors.
Patrick O'Meara, Chairman and CEO of Inveniam, stated that the acquisition is about foundational transformation. He emphasized that the integration of Hedgehog's infrastructure tools is being used to build global rails for digital, crypto, and cloud-based trading of alternative asset classes.
The acquisition brings Inveniam's total funding to $120 million, with substantial backing from UAE-based AI firm G42 and Cushman & Wakefield, a real estate firm. This funding will undoubtedly support Inveniam's growth and development as they continue to innovate in the tokenized asset space.
Inveniam's platform currently handles nearly $65 billion in assets, and with the addition of Hedgehog's solution, they are now able to provide a comprehensive solution for structuring, trading, and distributing private assets. This acquisition is a significant step forward for Inveniam, and it will be interesting to see how they continue to shape the future of tokenized asset markets.
While the deal terms were not disclosed, it is clear that this acquisition marks a significant milestone for Inveniam and the broader tokenized asset industry. As more companies explore the benefits of tokenizing real world assets, Inveniam's acquisition of Hedgehog could serve as a catalyst for further growth and adoption in this space.
As always, for the latest and precise information, it is advisable to check Inveniam's official communications or trusted financial news outlets.
Read also:
- Comcast Introduces Sports-Oriented Video Bundle in Preparation for the World Cup Tournament
- Social Security Administration Abandons Plan for Electronic Payments: Important Information for Recipients of Benefits
- AI-Powered Transportation Stock's Possible Challenge to Tesla's Autonomous Dreams?
- Ford Incorporates Silicon Valley-esque Innovation in Economical Mid-Size Truck and Shared Platform Strategy
