Fnality and Ownera collaborate on DLT and tokenisation interoperability
17 September 2024 UK
Image: Hakan_K谋z谋ltan/stock.adobe.com
Ownera and Fnality have partnered to deliver interoperability between Fnality鈥檚 distributed ledger technology (DLT) payment systems and the broader tokenisation ecosystem.
Institutions utilising an Ownera Router will now be able to offer their clients direct access to Fnality Payment System (FnPS) and its services, regardless of the tokenised assets they wish to trade or use as collateral.
This applies across both public and private ledgers on which the assets are tokenised.
Ami Ben David, founder and CEO of Ownera, says: 鈥淭he need to connect to the FnPS came from our clients, who wanted to enable various services including payment, repo, and collateral mobility.
鈥淧ayment services and high quality digital money services are critical to the growth and scalability of the institutional tokenisation market, and we are very proud to make every router on our network Fnality-Ready.鈥�
Fnality says this collaboration aims to enhance the scalability of the institutional tokenisation ecosystem and increase liquidity in financial markets.
By enabling streamlined and standardised access to the FnPS鈥� services and financial processes, this partnership is designed to drive greater efficiency and innovation across the industry, the firm says.
According to Rhomaios Ram, CEO of Fnality, this partnership will create a bridge between traditional and tokenised assets.
He adds: 鈥淭his collaboration will not only enhance market liquidity and efficiency, but also accelerate the adoption of tokenisation across the financial industry. We're excited to offer institutions greater optionality in accessing the FnPS, and to support the growth of the broader distributed financial ecosystem.鈥�
Institutions utilising an Ownera Router will now be able to offer their clients direct access to Fnality Payment System (FnPS) and its services, regardless of the tokenised assets they wish to trade or use as collateral.
This applies across both public and private ledgers on which the assets are tokenised.
Ami Ben David, founder and CEO of Ownera, says: 鈥淭he need to connect to the FnPS came from our clients, who wanted to enable various services including payment, repo, and collateral mobility.
鈥淧ayment services and high quality digital money services are critical to the growth and scalability of the institutional tokenisation market, and we are very proud to make every router on our network Fnality-Ready.鈥�
Fnality says this collaboration aims to enhance the scalability of the institutional tokenisation ecosystem and increase liquidity in financial markets.
By enabling streamlined and standardised access to the FnPS鈥� services and financial processes, this partnership is designed to drive greater efficiency and innovation across the industry, the firm says.
According to Rhomaios Ram, CEO of Fnality, this partnership will create a bridge between traditional and tokenised assets.
He adds: 鈥淭his collaboration will not only enhance market liquidity and efficiency, but also accelerate the adoption of tokenisation across the financial industry. We're excited to offer institutions greater optionality in accessing the FnPS, and to support the growth of the broader distributed financial ecosystem.鈥�
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