The Luxembourg-based Tokeny Solutions team Tokeny/ericdevillet.com

The Luxembourg-based Tokeny Solutions team Tokeny/ericdevillet.com

As Tokeny CEO Luc Falempin told Paperjam, "It's doubly important," adding: "On one hand, we will be able to recruit the best to continue our development. Developers, but also support functions, people who will be able to accompany us in the deployment to our new customers, and in communication too. " 

Founded in 2017 and housed at the Luxembourg House of Financial Technology, the tokenisation platform was awarded first prize in this year’s 4th edition of Luxembourg’s Fintech Awards organised by KPMG and Lhoft. Its technology allows for the management and transfer of tokenised securities using blockchain. Tokeny’s turnover last year was €1m but is expected by 2022 to reach €18m. 

According to a Euronext communiqué, the outlay “complements Euronext’s position in the nascent digital asset industry, adding that it is “convinced of the long term impact of tokenization on the financial industry [and] is committed to developing solutions that continue to serve its clients and ecosystem going forward.”