Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, announces that it has joined forces with Ownera, a provider of tokenization interoperability routers, to enhance the Fireblocks Network, the digital asset network providing direct connectivity to crypto capital markets.
The partnership will enable financial institutions to distribute and trade tokenized securities on the Fireblocks Network.
The first asset class to be introduced via this partnership will be tokenized money market funds (MMFs), providing investors with access to MMFs from key sources and blockchains in a unified process.
Tokenized MMFs are growing in adoption, offering access to yield-bearing instruments from regulated institutions on chain, and enabling MMFs to be posted as collateral with instant settlement.
By using Ownera’s transaction orchestration and interoperability tech, these tokenized assets can be sourced from tokenization platforms linked to a router, utilizing any blockchain—whether public or private—and supporting various digital as well as non-digital payment options.
The potential for tokenized assets, such as tokenized MMFs, potentially represents a “multi-trillion-dollar” opportunity.
To bring this solution to market, Fireblocks and Ownera are working with regulated securities providers—such as banks, exchanges, broker-dealers, custodians, and prime brokers—as well as multiple sources of tokenized assets from both public blockchain networks and institutional ecosystems.
The integration of Fireblocks and Ownera technologies will enable Fireblocks Network users to manage assets on both public and private blockchains—commonly used by large financial institutions—through wallets powered by Fireblocks multi-party computation (MPC) technology.
In addition to access to 80 public blockchains, this solution offers investors seamless unified access to assets on private chains (both EVM and non-EVM) used by regulated financial organizations for compliance with regulations and enhanced client privacy.
Michael Shaulov, CEO & Co-founder of Fireblocks said that tokenized assets offer unparalleled efficiency, combining liquidity with the speed and transparency of blockchain, making them a game-changer for institutions.
Ami Ben David, CEO & Founder of Ownera added that their mission is to interconnect supply and demand platforms within the tokenized market, along with the regulated services required by both sides.
As covered, Fireblocks is a platform to create new blockchain based products, and manage day-to-day digital asset operations.
Exchanges, banks, PSPs, lending desks, custodians, trading desks, and hedge funds can scale their digital asset operations via the Fireblocks Network and MPC-based Wallet Infrastructure.
Fireblocks serves organizations in the financial, payments, and web3 space.
It has secured the transfer of more than $6 trillion in digital assets.
It has an insurance policy that covers assets in storage and transit.
As reported, Ownera is a technology company bringing interoperability solutions to tokenized assets.
Ownera’s routers enable distribution and liquidity by connecting tokenized assets distributed by sell-side institutions to buy-side demand.
The routers facilitate the negotiation, orchestration and settlement of transactions between the counterparties and their regulated service providers such as custodians, broker dealers, transfer agents, cash providers, lenders.
Ownera’s routers implement the open FinP2P protocol.
Ownera is reportedly backed by investors such as J.P. Morgan, U.S. Bancorp, LRC Group, Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group and Archax.