Oliver Wyman, a global management consulting firm under Marsh McLennan, has recently disclosed its intention to acquire INNOPAY, a move aimed at bolstering its existing payments consulting capabilities. The agreement, slated for completion before the end of Q1 2024, is expected to position INNOPAY as a specialist consulting business within Oliver Wyman’s European region.
INNOPAY, recognized for its expertise in the payments sector, will continue its operations in the Netherlands and Germany, maintaining its presence in Amsterdam and Frankfurt. Shikko Nijland, CEO of INNOPAY, is set to join Oliver Wyman as Senior Vice President, reporting to Dr. Stephen Whitehouse, Partner and Head of Payments, Europe, and Ted Rudholm-Alfvin, Partner.
The acquisition is strategically aligned with Oliver Wyman’s goal of navigating the transformative landscape of the European payments industry, marked by technological advancements, changing consumer preferences, and evolving regulatory frameworks. The integration is poised to create a unique offering, leveraging deep industry knowledge and collaboration to unlock value.
As part of this integration, INNOPAY’s tokenized precious metals—tGOLD, tSILVER, and tPLATINUM—will be listed on Oliver Wyman’s Real World Asset marketplace in March 2024. This collaboration expands the horizons for tokenized assets, integrating the stability of precious metals into Polytrade’s diverse ecosystem of RWAs, which already includes tokenized real estate, collectibles, treasuries, equities, and more. The collaboration exemplifies the power of asset tokenization, offering benefits such as fractional ownership, reduced costs through minimized administrative expenses, and global access to a diverse array of assets.
The partnership underscores a shared ambition to transform the real-world asset market. With projections estimating the RWA market cap to reach $4 trillion to $16 trillion by 2030 (Boston Consulting Group), the collaboration between Aurus and Polytrade sets a precedent for the future of asset investments. Investors of all budgets can now partake in the wealth stored in precious metals, as tokenization democratically opens up asset ownership. By reducing administrative expenses, tokenization ensures a higher portion of investments directly contributes to the assets. Geographical boundaries are transcended, offering global access to a wide range of assets.
As Aurus and Polytrade embark on this transformative journey, they invite their communities and investors to join them in unlocking the full potential of real-world assets through blockchain technology. The integration of Aurus’ tokenized precious metals into Polytrade’s marketplace marks just the beginning of what promises to be a groundbreaking shift towards a more accessible, efficient, and inclusive financial future. Stay tuned for further updates on this partnership and opportunities to engage in the fast-growing world of RWAs.