Valereum Plc today announced the issuance of a Digital Asset Service Provider (DASP) licence for VLRM Markets S.A. DE C.V. in El Salvador.
This enables VLRM Markets, acting as a regulated and licensed DASP, to establish and operate a real world asset (RWA) ecosystem with three principal parts within El Salvador’s progressive regulatory framework:
- RWA Platform – platform for digital asset creation, primary issuance and secondary bulletin board
- V-Wallet – an interface for interaction with the RWA Platform, as well as to buy, hold sell and transfer digital assets including stablecoins, cryptocurrency and utility tokens
- VLRM Markets PRO – bespoke services for professional customers (including trading, brokerage, OTC and custody) to access real world assets, cryptocurrency, stablecoins and/or utility tokens
Tthe licence permits VLRM Markets to facilitate the issuance and trading of a diverse range of tokenised real world assets including securities, bonds and funds, real estate, artwork and collectibles, commodities, intellectual property, image rights and royalties.
VLRM Markets’ strategic approach for its RWA ecosystem involves collaborating with industry experts to innovate asset issuance, expand market reach and enhance liquidity in traditionally illiquid assets.
VLRM Markets, a Valereum subsidiary, will operate from its office in El Salvador and, via its DASP licence, intends to make RWA products available to customers globally subject to any applicable digital asset and/or investment rules and requirements.
Head of VLRM Markets, Adrian Hogg commented:
“We are delighted to have been awarded this licence and we are looking forward to building our new business in El Salvador that will seek via its activities to bridge the gap between traditional assets and the digital world to capitalise on the burgeoning opportunity of the tokenisation of RWA.”
Valereum CEO Nick Cowan added:
“Following much hard work behind the scenes, we are delighted that VLRM Markets has been issued a DASP licence and look forward to Valereum Markets establishing a new home in El Salvador and creating a pioneering presence in the realm of real-world assets, driving forward the convergence of traditional finance with the digital economy.”
