RE: Flavour of the Pipeline - Starting to Materialise8 Feb 2026 13:39
From RNS on 25 November 2025
"The Royalty and Streaming mining assets collateral is underwritten by Lloyds of London through International Rating Agencies such as A.M. BEST, Fitch, Moody's and S&P, with a minimum rating of at least investment grade, providing institutional validation of asset values and embedded credit default protection."
This is how they're doing it with the QGP deal and will be doing it like this for all big deals in the future.
Valereum are at the start of their journey hence why it's so cheap for QGP to get in with £280m.
QGP would have to invest billions and billions if Valereum were at the point of securitise.
All the add ons, mous, investments in other companies, buying of other companies are all about getting it to be a totally driven AI tokenised RWA platform.
Gary Cottle CEO is a Corporate banker understands Lloyds of London underwriting as well as international rating agencies such as Fitch, Moodys, etc. These are the people who apply investment grades to assets
It does help to read all RNS' and understand them.