R3 and Ownera partner on digital and financial market interoperability
26 September 2024 UK
Image: artmozai/stock.adobe.com
R3 has partnered with Ownera to enable interoperability across production-grade use cases and networks for digital assets and digital currencies.
This partnership will make R3’s Corda platform available with an integrated connection to Ownera’s interoperability routers.
In turn, users of the open-source, decentralised protocol FinP2P will be able to connect to a large collection of production-grade distributed ledger technology (DLT) use cases on the R3 ecosystem.
According to R3, this solution facilitates data interchange and transactions, which can improve the security of DLT designs, boost flexibility, and optimise operational performance.
“In the context of financial markets, interoperability is essential to overcoming the existing silos of legacy and blockchain systems,” the firm says.
Commenting on the collaboration, Kate Karimson, chief commercial officer at R3, says: “The industry is making exceptional strides toward developing solutions for regulated markets. However, for this next phase of adoption, interoperability will be key for the industry to fully benefit from this technology.”
Ami Ben-David, founder and CEO of Ownera, adds: “Interoperability is essential to the exponential growth of the tokenised market. It goes beyond just linking blockchains — it's about bridging supply and demand for both assets and digital cash, no matter where they reside.
“Through this partnership, we are thrilled to connect the vast R3 Corda ecosystem with Ownera’s network of routers users across sell side organisations, buy side firms, payment providers, and other financial services and legacy networks across global markets”
This partnership will make R3’s Corda platform available with an integrated connection to Ownera’s interoperability routers.
In turn, users of the open-source, decentralised protocol FinP2P will be able to connect to a large collection of production-grade distributed ledger technology (DLT) use cases on the R3 ecosystem.
According to R3, this solution facilitates data interchange and transactions, which can improve the security of DLT designs, boost flexibility, and optimise operational performance.
“In the context of financial markets, interoperability is essential to overcoming the existing silos of legacy and blockchain systems,” the firm says.
Commenting on the collaboration, Kate Karimson, chief commercial officer at R3, says: “The industry is making exceptional strides toward developing solutions for regulated markets. However, for this next phase of adoption, interoperability will be key for the industry to fully benefit from this technology.”
Ami Ben-David, founder and CEO of Ownera, adds: “Interoperability is essential to the exponential growth of the tokenised market. It goes beyond just linking blockchains — it's about bridging supply and demand for both assets and digital cash, no matter where they reside.
“Through this partnership, we are thrilled to connect the vast R3 Corda ecosystem with Ownera’s network of routers users across sell side organisations, buy side firms, payment providers, and other financial services and legacy networks across global markets”
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