Tokeny, a leading security token platform based in Luxembourg, has partnered with Ownera to leverage its global inter-trading network to boost security token liquidity. The Ownera FinP2P network is based on the open-source FinP2P protocol.
While most industry observers believe that all securities will become digital at some point in the not-so-distant future the realization of this ambition has taken quite a bit of time. Tokeny notes that a missing variable is a global common distribution network serving issuers, investors, and trading platforms. This has undermined sector growth and institutional activity. The Ownera FinP2P network aims to solve this challenge with an instant exchange of digital assets held on any blockchain platform, for digital cash held on any ledger.
The network supports primary issuance, secondary trading and instant borrowing against assets pledged as collateral. The expectation is that this routing network will open up digital distribution for the private markets and unlock global liquidity by combining global tokenization activity.
Tokeny is a compliant security token platform that has worked with big financial services firms providing the infrastructure to issue and trade digital assets. The integration of Ownera FinP2P distribution network seeks to improve the liquidity of tokenized assets by reaching a broader investor base across the globe.
Daniel Coheur, Chief Strategy Officer of Tokeny, said tokenization is the first step in unlocking the full potential of assets using blockchain technology. Digital assets can be traded and managed at a lower cost and in near real-time. Ownera’s FinP2P will allow Tokeny’s clients and their investors to connect to additional distribution networks and use tokenized assets for collateralization.
Anthony Woolley, Head of Business Development and Marketing at Ownera, explained that institutions have been challenged by the various iterations of blockchain and 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.”
Earlier this month, Ownera announced a $20 million funding round led by JP Morgan.