US Bancorp invests in digital assets Fintech, Ownera
Funding will be used to accelerate Owner’s deployment of a global interoperability network to unlock the institutional market for Tokenized Assets.
LONDON, March 1, 2023–(BUSINESS WIRE)–Ownersthe company that provides a comprehensive interoperability network for tokenized assets, announced today that US Bancorp has joined Ownera’s series A investment round.
Ownera works to digitize paper-heavy and illiquid private markets, so that banks, asset managers and stock exchanges can route assets more efficiently. Ownera aims to help institutional clients of regulated financial institutions discover, invest in and trade assets with instant transaction settlement and transfer of ownership. These clients will be able to receive real-time visibility into the properties and history – including ownership details – of a wide range of assets such as bonds and syndicated corporate loans.
Ownera’s goal is to unlock distribution and liquidity by connecting asset tokenization venues to wealth platforms and exchanges worldwide. Based on the open source FinP2P protocol, Ownera’s offering to regulated financial institutions aims to seamlessly connect any type of asset tokenization platform to any blockchain, private distributed ledger, or even traditional ledgers.
“This investment will allow us 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,” said Jim Kelligrew, Deputy Chairman and Head of Corporate & Commercial Banking, US Bank. “Our goal is to provide our capital markets clients with a more streamlined experience, helping them save time and money while experiencing unprecedented transparency.”
“We are excited to add US 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 large institutions like US Bancorp is key to ensuring that the FinP2P network is bringing high-quality, institutional-sized investment opportunities to pools of accredited and institutional investors around the world.” added Ownera co-founder and CEO, Ami Ben-David.
About Ownera:
At Ownera, we believe that investors should be able to digitally discover, buy and sell all types of assets with immediate transfer of ownership. We led the creation of the open source network protocol called FinP2P, and we are using it to build the institutional rails for the emerging multi-billion dollar market for digital assets. Our peer-to-peer network unlocks global distribution and liquidity by connecting regulated institutions worldwide for instant issuance, distribution, trading, settlement and security of asset transactions.
Ownera recently announced its Series A investment round including strategic investments from JP Morgan, Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group and Archax.
For more information, go to www.ownera.io
About US Bank:
US Bancorp, with approximately 77,000 employees and $675 billion in assets as of December 31, 2022, is the parent company of US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; payment services; Corporate & Commercial Banking; and wealth management and investment services. MUFG Union Bank, primarily comprised of retail banking branches on the West Coast, joined US Bancorp in 2022. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired super regional bank. Learn more at usbank.com/about.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20230301005205/en/
Contacts
Media inquiries:
Anthony Woolley, Owner: [email protected]
Todd Deutsch, US Bank: [email protected]
