Having Cracked the Code on the Most Complex Assets, Rocktop Takes On The Broader Fixed-income Market
May 13 2024 - 8:40AM
Business Wire
New CTO and LiquidFi Partnership Bolster Firm’s
Solutions-As-A-Service Strategy
Rocktop Technologies (Rocktop), a first-of-its-kind
Solutions-as-a-Service company, today unveiled significant
advancements in its strategic initiatives designed to empower
investors, asset managers, and holders of risk to harness the full
potential of complex fixed-income markets, such as mortgages, for
consistently superior returns.
“Rocktop is focused on creating a strong form efficient
fixed-income market, where each asset’s data and documents are
immutable, transparent, and validated, enhancing liquidity,
portability, and value throughout its lifecycle,” said Cade
Thompson, Co-President and Chief Growth Officer. “Our aim is to
empower investors to explore diverse and more complex markets at
scale, uncovering new avenues for alpha creation or simply
extracting additional yield out of mainstream investments.”
Since its inception in 2015, Rocktop has been dedicated to
mitigating risks and maximizing the value of the most challenging
fixed-income assets, from origination through liquidation. The firm
addresses two main challenges faced by the sector:
- The accuracy and completeness of underlying data, and
- Operational errors and inefficiencies driving up costs and
risk.
Drawing upon expertise spanning investment management, capital
markets, data science, risk analytics, servicing operations,
consumer credit, legal risk mitigation, and more, the firm has
developed a comprehensive set of capabilities underpinning the
delivery of their solutions. By interconnecting datasets and
operational processes, Rocktop can provide a path to more reliable
insights, more predictable outcomes, and better overall
execution.
Today, the company announced the appointment of Jason Tanaka as
Chief Technology Officer and the formation of a new partnership
with LiquidFi, an industry-leading asset tokenization platform.
These moves enhance Rocktop's technology-driven solutions, which
now incorporate the latest developments in data science, machine
learning, generative AI, and blockchain technology, focused on
diverse asset types including Ginnie Mae Early Buyouts, HECM
Reverse Mortgages, Mortgage Servicing Rights (MSR), HELOCs, and
Scratch and Dent Loans.
Jason Tanaka, Rocktop’s new CTO, has a 20-plus year track record
leveraging a variety of technology innovations to move the mortgage
and financial markets forward. He was previously Executive/AVP Real
Estate Technology Strategy, USAA Federal Savings Bank; Managing
Director, Livegage; Chief Technology Officer, Credit Union Student
Choice; and Co-Founder, Simply Closing, LLC. “For decades,
technology has been brought into the mortgage and fixed income
spaces without solving some of the key underlying inefficiencies.
I’m enthusiastic about our opportunity to harness cutting-edge
technology-based solutions in reshaping the landscape of our
industry,” said Tanaka about the opportunity.
The collaboration with LiquidFi further strengthens Rocktop's
capability to offer transparent, immutable, and validated datasets
using distributed ledger technology. LiquidFi’s real-world asset
tokenization platform provides the infrastructure to reduce
friction in capital markets through more efficient and transparent
life-of-loan data verification and asset-level functionality. “We
believe this partnership will provide significant value to Rocktop
and its clients by utilizing the real-world efficiencies gained by
distributed ledger technology. Together, we share the commitment to
enhancing efficiency and transparency in markets, and this
partnership is already proving its value on this commitment,” said
Ian Ferreira, Founder and CEO of LiquidFi.
Rocktop Technologies continues to lead the charge in
transforming the fixed-income market, propelled by its commitment
to innovation and value creation for all stakeholders.
About Rocktop Technologies
Rocktop Technologies is pioneering Solutions-as-a-Service in the
fixed-income market, committed to enhancing returns for all
stakeholders. Our innovative solutions strive to propel the
industry towards strong form efficiency, ensuring every asset is a
known quantity, enhancing liquidity, portability, and value. By
harnessing data science, Practical AI, and digital ledger
technology, we drive this mission forward, eliminating
inefficiencies and errors that lead to yield leakage. Our
solutions, empowered by comprehensive data management and process
automation, streamline risk identification, quantification, and
management. Explore more at rocktoptech.com.
About LiquidFi
LiquidFi is an industry leading asset tokenization platform
focused on preserving the integrity of data, documentation, and
asset-level information over the entire asset lifecycle. Using
distributed ledger technology and smart contracts, digital assets
on the LiquidFi platform have built-in data elements and functional
capabilities reducing timelines and creating operational
efficiencies for ecosystem participants. To learn more, visit
www.liquidfi.io.
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