R3, a permissioned blockchain provder targeting the enterprise sector, is partnering with Ownera on interoperability solutions for R3’s blockchain Corda.
Ownera specializes in digital securities or “tokenized” assets. Ownera seeks to boost distribution and liquidity by connecting tokenized assets, enabling the negotiation and settlement of transactions between counterparties. This includes custodians, broker-dealers, transfer agents, cash providers, lenders, and more.
Ami Ben-David, founder and CEO of Ownera, says interoperability is vital to the growth of the tokenized market. He explains that it is not just about linking various blockchains but also about bridging cash and assets regardless of location.
R3 aims to support central banks, corporations, and financial services firms by providing them with the technology to migrate to digital assets. Corda is an open but permissioned blockchain that is robust enough to handle enterprise needs.
Corda seeks to power tokenization by providing asset mobility for assets like digital currencies, tokenized deposit solutions globally, and more.
Kate Karimson, Chief Commercial Officer at R3 says the industry is making great strides in developing products for regulated environments. At the same time, the next phase of adoption will require interoperability
“R3 has delivered more production-grade DLT solutions than any other firm but there is still much work to be done. We are committed to building technology that is open by design, and by partnering with experienced interoperability providers on a range of integration approaches, we will ensure Corda continues to support maximum connectivity.”