Ownera leaders (Facebook)
Ownera, an Israeli fintech startup that offers an interoperability trading network for tokenized assets, raised $20 million in a Series A funding round from investors like J.P. Morgan and LRC Group.
J.P. Morgan’s Scott Lucas will join Ownera’s board. Nadav Zohar, Chairman of the LRC Group, a major investor in the round and partner of Ownera, will join the board as Executive Chairman.
IBM explains that Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
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Business runs on information, says IBM. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more.
Founded in 2018, Ownera says that it has brought the financial services industry together to digitize the world’s largest offline market, deploying FinP2P, a global online institutional network interconnecting private markets. FinP2P, explains Ownera, is a thin, stateless routing network, interconnecting multiple distributed ledger (DLT) submarkets. It lets institutions launch and share assets and route atomic transactions using open API’s.
“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.
“Interconnectivity is key to maintaining a liquid marketplace for tokenized assets. Ownera has developed a solution with the potential to connect multiple platforms to start building towards that liquid marketplace”, said Scott Lucas, Head of Markets DLT, J.P. Morgan.
