Gibraltar-based technology group Valereum announces that it plans to launch a new global marketplace platform for Non-Fungible Tokens (NFTs).

While deploying a blockchain backbone to ensure immutable settlement of all transactions, the platform will enable users to pay in a variety of crypto, as well as fiat currencies, facilitating the broadest possible user base. All platform members will have access to an exclusive Valereum wallet for their NFT portfolio.

Users will be onboarded with appropriate Anti-Money Laundering and Know Your Client (AML/KYC) processes while NFTs within the ecosystem will be subject to Ultimate Beneficial Ownership (UBO) criteria, ensuring transparency and high levels of trust for all users.

Valereum intends to allow direct access to all parties interested in acquiring NFTs listed on the open marketplace platform.

Richard Poulden, Chairman of Valereum, commented:

“Our NFT strategy represents another very exciting development for Valereum. We see the market maturing and expanding into dynamic new product areas which will appeal to users of all ages. While the marketplace will be a separate subsidiary to our proposed purchase of the Gibraltar Stock Exchange, we envisage an overlap of similar regulatory practice to imbue the utmost confidence in its operating functionality.”

Patrick L Young, Executive Director of Valereum, said:

“The NFT market has huge opportunity to expand beyond its current pixelations. Valereum has an ingenious concept which will interest NFT collectors and engage commercial participants across the globe while we foresee a very tangible future for NFT technology delivered according to established exchange practices.”