Private market data firm Inveniam has acquired Hedgehog, a white label investment solution for tokenized real world assets (RWA). Terms of the deal were not disclosed. With this acquisition, Inveniam is moving beyond data to provide a solution for structuring, trading, and distributing private assets.
While the transaction was announced yesterday, it was agreed late last year, shortly after Inveniam received substantial backing from UAE-based AI firm G42, bringing Inveniam’s total funding to $120 million.
Inveniam was founded in 2017 to generate real time data for private assets such as real estate, private equity, private credit and infrastructure. It has been using blockchain to store the data for several years and says the volume of assets on its platform is nearly $65 billion.
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