On Tuesday 17 September 2024, Uni Systems and Compellio announced that the former had acquired a minority stake in the Luxembourg-based firm.
Uni Systems, a European IT provider, has acquired a minority stake in Compellio, a Luxembourg-based deep tech company, in a move to enter the asset tokenisation domain. The transaction was completed for an undisclosed sum.
The patented technology of Compellio offers tokenisation as a service, which reportedly simplifies integration with current enterprise systems and promotes innovation for next-generation internet services. According to the two firms, the Compellio Gateway platform, which is available as a cloud service, leverages the benefits of blockchain technology to facilitate the interoperability of cross-system information sharing in a privacy-preserving and adaptable manner.
The two companies said they intend to expedite the adoption of blockchain and tokenisation technologies by optimising engineering efforts and assisting in the control of the total cost of ownership through this strategic partnership.
They also noted that Compellio has implemented blockchain-based solutions for significant EU institutions, industry actors, academic institutions and SMEs. The company also engages in collaborative research with MIT Connection Science and is a participant in EU Horizon programmes that focus on advanced Web3 research and development. Moreover, Compellio is listed in the Luxembourg Industry and Research Capabilities for Security and Defence 2024 Index.
Yiannis Loumakis, CEO of Uni Systems, stated: "In the present complex world, in which humans, machines and software interact, it is our responsibility as IT companies to establish trusted sources of information, bolster the authenticity of products, enhance the security of civil and defence software, and assist in the safeguarding of the critical infrastructures of the public sector. Modern IT systems require the capacity to rapidly and unambiguously confirm the source of information and assets. Asset tokenisation is vital in this context. Our collaboration with Compellio expedites the adoption of blockchain for the advantage of our clients in a variety of sectors, thereby improving efficiency and managing overall ownership costs."
Denis Avrilionis, CEO of Compellio, said: "We are proud to enter into such a strategic collaboration with Uni Systems. Our Compellio Gateway integrates cloud computing with smart contracts, bridging the gap between traditional IT systems and Distributed Ledger Technology. The Compellio Gateway allows enterprise software developers to quickly focus on the business-added value without the complexity of blockchain smart contract programming. Leveraging years of experience in software engineering and R&D, we are uniquely positioned to contribute to building the next generation of asset-centric internet services". He also described Uni Systems as a "key partner in such enterprise solution development activities", adding that the partnership would "accelerate our product development and allow us to reach new markets more quickly".
The companies are collaborating on an array of initiatives and investigating opportunities in the fields of banking and finance, logistics, energy, e-commerce, cultural heritage and intellectual property protection.
