Today it was announced that US Bancorp, America’s fifth largest, has invested in Ownera, the creator of FINP2P that aims to connect digital asset tokenization platforms to wealth managers and exchanges. While the investment amount was not revealed, corporate registry filings show fresh funds of $3 million earlier this month.
This is a Series A extension following an initial closing of $20 million in September last year, including JP Morgan and LRC Group, the real estate asset manager.
Numerous tokenization platforms are emerging from the likes of Societe Generale, Goldman Sachs and HSBC, to name just a few. Without interoperability, asset managers and wealth managers would have to connect their software to each tokenization platform, which isn’t practical. It would also make it harder to sell assets post issuance.
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