Deal enables Apex to use Inveniam blockchain for asset valuation

By Andrei Skvarsky.

U.S. fintech company Inveniam has clinched a deal with UK-based financial services firm Apex Group to enable the latter to use blockchain technology patented by the American company and its data operating system for asset valuation.

“Using data that is verified on blockchain, through our innovative partnership with Inveniam, will … deliver benefits for the $3 trillion of client assets we service,” a statement from Inveniam quoted Georges Archibald, Apex’s chief innovation officer and North America head, as saying.

Apex, which is headquartered in Brighton, East Sussex, has nearly 10,000 employees across more than 80 offices in about 40 countries.

Inveniam is headquartered in Miami and has offices in New York City and Novi, Michigan.

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