Fintech company Locktop Technology and liquid phenanthrene A milestone was announced Thursday for a business partnership established earlier this year.
Rocktop, a solutions-as-a-service company focused on improving returns for institutional investors, asset managers and other participants in the fixed income and mortgage markets, has deposited more than $60 billion in unpaid principal balances (UPB) its account.
Meanwhile, LiquidFi, an asset tokenization platform for mortgage investors, has used its patented technology to create digital assets on more than $7.7 billion in UPB.
“The two companies are collaborating on a vision for a fixed income market that operates as a transparent, seamless exchange where assets are accurately priced, traded with ease and investors can easily acquire fractional shares,” the joint statement explained.
LiquidFi is using blockchain technology, a secure and immutable digital ledger, to quickly verify the data of Rocktop’s institutional investors and asset management clients. The companies say this is particularly useful in “currently volatile markets” as it reduces transaction times, streamlines due diligence processes and provides “instant settlement”. Learn more.
Rocktop co-president and chief investment officer Brett Benson said in a statement that the company’s goal is to ensure that all digital assets are “known quantities” with optimized value.
“Our partnership with LiquidFi will advance this value proposition for all fixed income investors, whether they are adding performance and distressed residential mortgage loan portfolios, residential bridge loans (RTL), private student loans or unsecured debt investments,” said Benson. combination.
“We value Rocktop’s shared commitment to transparency, efficiency and technological innovation,” said Ian Ferreira, founder and CEO of LiquidFI. “With Rocktop’s deep understanding of capital markets and loan-level management expertise, our technology will drive efficiency through Further improve customer returns.”
