Ownera Tokenised Assets Backed By U.S. Bancorp Investment

KUALA LUMPUR, March 2 (Bernama) -- Ownera, the company delivering an extensive interoperability network for tokenised assets, announced that U.S. Bancorp has joined its Series A investment round as it works to digitise paper-heavy and illiquid private markets allowing banks, asset managers and exchanges to route assets more efficiently.

“We are excited to add U.S. Bancorp to our latest investment round. We brought the industry together to solve the problem of global distribution and liquidity for digital assets and strategic investment from major institutions such as U.S. Bancorp.

“This is key to ensure that the FinP2P network is bringing high quality, institutional size investment opportunities to pools of accredited and institutional investors around the world,” said Ownera Co-Founder & Chief Executive Officer, Ami Ben-David in a statement.

Meanwhile U.S. Bank Vice Chair and Head of Corporate & Commercial Banking, Jim Kelligrew said this investment will allow the bank to play an important role in shaping the future of capital markets, one where issuers and institutional investors have more real-time visibility into assets and can more efficiently transfer ownership and settle transactions.

“Our goal is to provide our capital markets clients a more streamlined experience, helping them save time and money, all while experiencing unprecedented transparency,” he said.

Ownera aims to help institutional clients of regulated financial institutions discover, invest in and trade assets with instant transaction settlement and transfer of ownership.

The company’s objective is to unlock distribution and liquidity by connecting asset tokenisation venues to wealth platforms and exchanges across the world.

Based on the open-source FinP2P protocol, Ownera’s offering for regulated financial institutions aims to seamlessly connect any type of asset tokenisation platform on any blockchain, private distributed ledger, or even traditional ledgers.

-- BERNAMA