An Aquis-listed FinTech business which changed its leadership team this summer has agreed a $200 million funding deal and plans to list in the United States.
Valereum Plc, which is focused on tokenised digital markets and headquartered in Gibraltar, has entered into an agreement to raise $200m of royalty and streaming capital from Valereum QGP-SP – a new company formed by Cayman Islands-based Quorium Global Photonics, an asset-backed financing firm.
In return, the company will grant Valereum QGP-SP a one-year option to purchase up to a maximum 49.9% of ordinary shares in Valereum Plc.
Valereum parted company with CEO Nick Cowan in June following the collapse of a £19m investment deal. It then quickly agreed a €1.7m strategic investment for a minority stake in Fideum Group Limited and installed board member Gary Cottle (pictured) as its new CEO.
It said the new funding deal will accelerate the development and deployment of its crypto, blockchain and tokenisation platforms through its AI-driven royalty and streaming platforms.
It will also be used to build out a digital asset treasury, to maximise share price growth, and advance strategic acquisitions and partnerships within regulated financial and digital ecosystems.
Valereum will also commence the process of applying for a US national exchange listing – either the New York Stock Exchange or Nasdaq – to “enhance both the visibility and credibility of Valereum and its strategic partners, unlock access to a broader investor base, and ultimately fuel growth”.
Cottle said: “The unprecedented scale of this agreement demonstrates the level of institutional belief in our strategy of uniting traditional and digital finance in a regulated framework. It gives us access to major asset-backed capital that can drive expansion, innovation and collaboration.
“These funds, and further debt and equity that are available working with QGP as a strategic capital partner, will be deployed to build out our digital asset treasury program, a full-stack tokenisation ecosystem that has been thoroughly endorsed by QGP.”
The company will announce a new board structure on completion, with QGP taking two of the five board seats.
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