back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

R3 acquires world class regulated markets stablecoin issuance capability with Ivno software

By Edlyn Cardoza

October 14, 2021

  • Asset Tokenization
  • Corda
  • Digital assets
Share

R3, Ivno, USA, UKR3 has acquired the technology and team of the financial asset tokenization specialist Ivno, enabling the use of Ivno-developed capabilities across the Corda platform. This acquisition further strengthens R3’s capabilities in the digital assets and currency space.

Ivno’s secure, dynamic smart contract and tokenization platform is designed for regulated financial services firms. It enables users to rapidly tokenize assets such as gold, cash, collateral, and artwork, providing a modern way to increase liquidity, improve security and enable the rapid and low-cost transfer of assets.

The solution was developed to comply with regulatory requirements. Its robust design delivers atomic transactions on a 24/7 basis, meaning settlement failures, delays and related infrastructure issues are consigned to history.

Integrating Ivno’s capabilities will empower R3’s customers to optimize balance sheet management through tokenization of underlying assets while benefitting from the performance and security of Corda. It will also enhance the capabilities of the R3 Sandbox for Digital Currencies, allowing customers to experiment with tokenization of digital assets and explore various emerging stablecoin models before moving to the production-ready solution.

Aaron Grantham, CEO of Ivno, said: “Customers will be able to take advantage of Ivno’s innovative tokenization software capabilities with the benefits offered by a true enterprise framework provided by R3. I am convinced this will allow rapid adoption of new business solutions using DLT-led technology paradigms.”

Todd McDonald, Chief Product Officer of R3, said: “Digital cash and tokenized liquid assets represent one of the biggest innovations in financial markets. The underlying technology provides an opportunity to significantly optimize the cost and speed of financial transactions. The acquisition of Ivno’s high-quality software built on Corda significantly accelerates R3’s ability to offer enterprise-grade and regulatory-friendly stablecoin issuance capabilities to our customers. As the first step, Ivno’s capabilities will be integrated with the R3 Sandbox for Digital Currencies.”

Recently, IBS Intelligence reported that Coadjute, the real-time network that connects the property market, had announced plans to enable retail banks in the UK to issue a mortgage stablecoin on their network, working in partnership with global technology firm R3.

Previous Article

October 14, 2021

Hex Trust announces partnership with Hedera

Read More
Next Article

October 14, 2021

Yolt Technology Services launches European Open Banking Outlook

Read More










IBSi Daily News Analysis

5G, India, Telecom

August 09, 2022

Asset Tokenization

The 5G race has begun in India; how will it affect payments?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

iDenfy collaborates with Peccala to prevent its customers from fraud

Read More

Today

Appital secures an additional £1.7m investment led by Frontline Ventures

Read More

Today

Checkpoint Capital appoints new President and Head of Financial Strategies

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022