As part of the transaction, Factom founder and renowned blockchain pioneer Paul Snow joined Inveniam as Chief Blockchain Scientist. Factom COO Jay Smith also joined the company as a Distinguished Engineer.
“This is an important addition to Inveniam,” said Patrick O’Meara, President and CEO of Inveniam Capital Partners. “The innovation and expertise of Paul, Jay and Factom Inc will enhance the capabilities of our Inveniam IO platform and allow us to extend our blockchain, meta-chain and chain interoperability offerings. Their pioneering work around data preservation and data integrity is a natural fit. with Inveniam as we build the means to discover, assess and process digital private market prices in a distributed data economy. It’s really fundamental for decentralized finance, or DeFi, and private markets.
“We approach real-world problems with market-driven solutions that create measurable value for our customers,” said President of Inveniam Kerry Rudy. “The addition of Factom is a key part of this effort. We help them market their thought leadership and innovation.
“Data provenance, observability and switching confidence in the performance and valuation of private market assets will drive public market performance in private markets,” said Todd Stevens, Global Head of Markets of capital for Inveniam. “We will see derivatives, indices, ETFs and the move towards more private market assets not only in defined benefit plans, but also defined contribution plans. With 3rd party brands on assets, trustees will be able to meet their obligations while increasing their exposure to commercial real estate and private equity. ”
The acquisition will lay the groundwork for Inveniam Labs, an Austin-based innovation center for blockchain and distributed application technologies. Jeff Guillot, Chief Product Officer of Inveniam.io and Texas native adds, “Austin provides a great community of innovators, and we’re excited to continue to build our presence and participation here.”
About Inveniam
Inveniam is a FinTech company with offices in New York City and Northville, Michigan. Founded in 2017, Inveniam has built Inveniam.io, a powerful technology platform that uses Big Data, AI and blockchain technologies to provide not only data security but also optimal use of that data in a distributed data ecosystem. . When verified by Inveniam ™, users can get real-time prices for rarely traded private assets, speed up due diligence, accurately assess and identify buyers for those assets. Inveniam’s operating system credentials allow for trust, allowing payments across the global financial system to thrive, regardless of origin, currency or application.
About Factom
Factom, Inc. is a blockchain innovation company founded in September 2015. The Factom blockchain manages data-centric use cases such as digital identity, supply chains, and loan origination. Factom’s design enables millions of documents to be secured through the blockchain, enabling secure storage of digital evidence for provenance and data integrity solutions without disclosing private data or requiring trusted intermediaries.
About Inveniam, Chief Blockchain Scientist Paul Snow
A true open source evangelist, Mr. Snow founded Factom in 2015. He also founded and continues to host a Bitcoin and Cryptocurrency Dating Group in 2013 and chaired the Texas Bitcoin Conference at Austin texas from 2014 to 2018. He contributed to the design of the Colored Coins projects, the design of the Ethereum virtual machine and advised several crypto projects and companies.
SOURCE Inveniam Capital Partners
Related links
http://inveniam.capital