Ownera has announced the commencement of a Series A capital funding round which involves investment mogul JPMorgan.
Similarly, a European real estate chief who has about $6 billion in assets under management (AUM) at LRC Group was part of the round. In addition, other investors in the round are Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group, and Archax.
The Series A capital funding which is worth $20 million will be used to accelerate Ownera’s deployment of a global interoperability network to unlock the institutional tokenized securities market.
Furthermore, one member of staff from both JPMorgan and LRC Group will join the Ownera Board of Directors. Scott Lucas from JPMorgan Head of Market DLT and Nadav Zohar who is currently LRC Group Chairman has been chosen to sit with the board.
Ownera is a digital asset software startup that designed the open-source FINP2P protocol. This protocol enables the distribution of security tokens developed on several blockchains and platforms, to a larger pool of institutions. It offers support to any type of securities tokenization engine on either public or private blockchain including traditional ledgers.
Ownera Looks to Bridge The Gap
Ownera is focused on using the funding to bridge the gap between Web3.0 and the traditional financial landscape. According to Ami Ben-David, CEO, and Co-founder of the software startup,
“It is commonly accepted that the tokenization of securities has the capacity to digitize markets with a total value in the trillions of dollars. Dozens of platforms are being deployed by financial institutions across the market. And our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications.”
Eventually, Ownera’s plan is to bridge the gap between tokenized platforms and trading interfaces that are developed by traditional financial institutions. Users of the platform will be granted access to a single global crypto wallet where they trade and borrow against the tokenized assets.
In the same fashion, Scott Lucas of JPMorgan affirmed that Ownera is offering a solution to the problem of interconnectivity. “Interconnectivity is key to maintaining a liquid marketplace for tokenized assets. Ownera has developed a solution with the potential to connect multiple platforms to start building towards that liquid marketplace,” He said
Notably, many fundraisers have taken place amidst the bearish crypto market showing the stronghold that the crypto industry possesses. 5ire raised $100 million in a Series A round with U.K.-based conglomerate Sram and Mram. Also, Aptos Labs closed a Series A funding round with $150 million generated co-led by FTX Ventures and Jump Crypto.