Tokeny, the Luxembourg-based tokenization platform, today announced a partnership with Ownera, provider of a global inter-trading network based on the open-source FinP2P protocol, to distribute tokenized assets over the Ownera FinP2P network.
The digital securities industry is growing fast but has lacked a common global distribution network for connecting issuers, investors, exchanges, and other market participants. As a result, the rate of institutional adoption and investor access to high-quality digital assets has been limited up until now.
Ownera brought the industry together to develop the FinP2P open-source routing protocol to solve this problem by orchestrating the instant exchange of digital assets held on any blockchain platform, for digital cash held on any ledger. It supports primary issuance, secondary trading and DeFi-style instant borrowing against assets pledged as collateral. This routing network has the power to open up digital distribution for the private markets and unlock global liquidity in a way that no single institution or exchange can achieve on its own.
Tokeny’s technology has enabled direct transfers and settlements of tokenized assets in a compliant manner, by default. Its infrastructure uses the market standard ERC-3643 to ensure each transfer can only be triggered between eligible investors through ONCHAINID, a digital identity system, enabling the transferability of tokenized assets. The integration of Ownera FinP2P distribution network enables its clients to further improve the liquidity of their tokenized assets by reaching a broader investor base across the globe.
“Tokenization is the first step to unlock the full potential of assets using blockchain technology. When assets are brought onchain, they can be transferred and managed by their owners, at a lower cost, and in real-time. As the compliance is built in at the token level, visibility and interoperability is the key to maximize asset liquidity. By integrating Ownera’s FinP2P, we allow our clients and their investors to connect to additional distribution networks, and use tokenized assets for collateralization”, said Daniel CoheurChief, Strategy Officer of Tokeny.
“Institutions have been faced with the challenge of deploying multiple blockchain technologies if they want to access different isolated pools of assets and investors. The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe. Any institution deploying a Tokeny solution now has the potential to access the added distribution capabilities of the Ownera FinP2P network”, concluded Anthony Woolley, Head of Business Development and Marketing at Ownera.