Today Ownera announced a $20 million Series A funding that includes JP Morgan and LRC Group, which has $6 billion in real estate assets under management. Ownera developed the open source FINP2P protocol to enable security tokens issued on different platforms and blockchains to be distributed to a large pool of institutions.
“It is commonly accepted that the tokenization of securities has the capacity to digitize markets with total value in the trillions of dollars. Dozens of platforms are being deployed by financial institutions across the market, and our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications”, said Ownera Co-Founder & CEO, Ami Ben-David.
Blockchain is intended to create this efficient superhighway for digital assets breaking down all the silos. But without a solution like FINP2P there’s a risk of creating new silos for tokenized assets.
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