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Euroclear Acquires Goji to Expand Private Markets Offering

by Damian Chmiel
  • The private market industry is expected to grow to $14.4 trillion by 2025.
  • It is another acquisition after taking over MFEX in September 2021.
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Euroclear, a major Belgium-based financial services company, has acquired Goji, a provider of digital access to private markets. The acquisition , which is subject to regulatory approval, will allow Euroclear to expand its presence in the private funds' industry.

According to Wednesday's press release, Goji provides the technology and solutions necessary to offer investors access to private markets. The entity's acquisition means that Euroclear enhances its possibilities of further growth in this sector, by expanding its existing product line. It follows the successful purchase of MFEX, a fund distribution platform, last September.

"Our partnership with Goji supports our ambition to enter the private markets space. We see a strong demand from the market for more scalable and digitalized solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services. One year after the MFEX acquisition, this new investment fully supports our global funds strategy to be a leading platform across all fund asset classes," Lieve Mostrey, the Chief Executive Officer of Euroclear Group, commented.

According to analysts' forecasts, private market assets are currently valued at $9.8 trillion, and they are expected to grow to $14.4 trillion in the next three years. By combining Euroclear's open infrastructure with the technology offered by Goji, the company aims to reach a growing number of investors in the industry, including fund service providers and asset managers.

DLT-based Settlement System

In addition to the two major acquisitions in the past 12 months, Euroclear Group also made a significant investment in Fnality. In March 2022, the company pumped an undisclosed sum into an international consortium of global banks building payment systems for tokenized assets.

Through investment and established cooperation, Euroclear and Fnality have begun developing a system for the settlement of digital securities against digital cash using distributed ledger technologies (DLT).

In July, Euroclear reported a 42% increase in net profit for the first half of 2022. The metric reached €351 million, while the total operating income stood at €998 million, growing 24% year-on-year.

Euroclear, a major Belgium-based financial services company, has acquired Goji, a provider of digital access to private markets. The acquisition , which is subject to regulatory approval, will allow Euroclear to expand its presence in the private funds' industry.

According to Wednesday's press release, Goji provides the technology and solutions necessary to offer investors access to private markets. The entity's acquisition means that Euroclear enhances its possibilities of further growth in this sector, by expanding its existing product line. It follows the successful purchase of MFEX, a fund distribution platform, last September.

"Our partnership with Goji supports our ambition to enter the private markets space. We see a strong demand from the market for more scalable and digitalized solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services. One year after the MFEX acquisition, this new investment fully supports our global funds strategy to be a leading platform across all fund asset classes," Lieve Mostrey, the Chief Executive Officer of Euroclear Group, commented.

According to analysts' forecasts, private market assets are currently valued at $9.8 trillion, and they are expected to grow to $14.4 trillion in the next three years. By combining Euroclear's open infrastructure with the technology offered by Goji, the company aims to reach a growing number of investors in the industry, including fund service providers and asset managers.

DLT-based Settlement System

In addition to the two major acquisitions in the past 12 months, Euroclear Group also made a significant investment in Fnality. In March 2022, the company pumped an undisclosed sum into an international consortium of global banks building payment systems for tokenized assets.

Through investment and established cooperation, Euroclear and Fnality have begun developing a system for the settlement of digital securities against digital cash using distributed ledger technologies (DLT).

In July, Euroclear reported a 42% increase in net profit for the first half of 2022. The metric reached €351 million, while the total operating income stood at €998 million, growing 24% year-on-year.

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