The collaboration will make every Ownera router “Fnality-ready” and enable access to Fnality’s payment systems.
London, United Kingdom, September 17, 2024 /EINPresswire.com/: Ownera, a leading provider of tokenization interoperability networks based on the open FinP2P protocol, and Fnality, a pioneering financial market infrastructure bringing together the safety and institutional quality of central bank money with the functionality and resilience of blockchain technology, have announced a strategic partnership. This collaboration aims to deliver seamless, secure, and scalable interoperability between Fnality’s fully regulated Distributed Ledger Technology (DLT)-based payment systems and the broader tokenization ecosystem.
Through this partnership, institutions utilizing an Ownera Router will now be able to offer their clients direct access to the Fnality Payment System (FnPS) and its services, regardless of the tokenized assets they wish to trade or use as collateral. This applies across both public and private ledgers on which the assets are tokenized.
This collaboration is set to enhance the scalability of the fast-growing institutional tokenization ecosystem and increase liquidity in financial markets. By enabling streamlined and standardized access to the FnPS’ services and financial processes, this partnership will drive greater efficiency and innovation across the industry.
Ami Ben David, founder and CEO of Ownera, commented, “The need to connect to the FnPS came from our clients, who wanted to enable various services, including payment, repo, and collateral mobility. Payment services and high-quality digital money services are critical to the growth and scalability of the institutional tokenization market, and we are very proud to make every router on our network Fnality-Ready.”
Rhomaios Ram, CEO of Fnality, added, “Our partnership with Ownera marks a significant milestone in our mission to revolutionize wholesale financial transactions, as this enables us to create a seamless bridge between traditional and tokenized assets. This collaboration will not only enhance market liquidity and efficiency but also accelerate the adoption of tokenization across the financial industry. We’re excited to offer institutions greater optionality in accessing the FnPS and to support the growth of the broader distributed financial ecosystem.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
