Securrency, a leading developer of institutional-grade blockchain-based financial and regulatory technology, has partnered with Ownera, a digital securities software company leading the development of the FinP2P network. The partnership integrates Securrency’s advanced technology with the FinP2P network, providing investors with access to a global network of interconnected private financial markets and stimulating global liquidity.
The private financial markets raise trillions of dollars a year, much larger than the public markets, yet remain highly fragmented. Blockchain technology can be a powerful tool for automating business and compliance logic to reduce these inefficiencies. However, with multiple private and public blockchain ledgers working in silos, it has proven difficult to establish these efficient markets at a global level. Together, Securrency and FinP2P are working to change this. By connecting siloed venues through one unified routing network, any financial institution can conduct instant and immutable transactions of digital securities across the network, regardless of which blockchain ledger, custody solution, or settlement currencies it uses.
FinP2P is being unveiled today at the Security Token Summit with a demonstration of the seamless interconnection of 10 leading industry solutions. As part of this launch, the FinP2P API specifications will be released as a first-of-its-kind cross-industry open-source collaboration. These APIs provide a single point of connection to multiple blockchains, enterprise DLT technologies, custody solutions and settlement currencies while supporting instant settlement and full regulatory compliance – taking a major step in digitizing the global economy. Using these APIs, any regulated institution can join the network and provide new financing and investment opportunities to its clients.
“As a leading provider of blockchain-based financial and regulatory infrastructure technology globally, Securrency is proud to demonstrate our steadfast commitment to innovation through our integration with FinP2P, CEO Dan Doney said. “Interoperability is at the core of what we do and our work with FinP2P can help break down the barriers among currently siloed financial markets and stimulate global liquidity.”
FinP2P, supported by Securrency’s cutting-edge interoperable and multi-jurisdictional compliance framework, creates new channels for companies to raise capital and attract liquidity in a way that is impossible within the current digital securities ecosystem. Institutional participation makes high-quality assets available to investors, along with online access to company information and choice of preferred custody provider and settlement solution. Transactions are immediate and immutable with real-time settlement against either fiat currencies or alternative payment solutions, such as stablecoins and other forms of digital currency.
“Interconnecting dozens of different blockchain platforms has never been done at this scale, especially with such diverse interoperability”, said Ami Ben-David, founder and CEO of Ownera, the company providing the FinP2P interconnectivity node to companies on the network. “The expected results of the adoption of the FinP2P network are higher liquidity and better access to capital and assets, opening up any privately-held asset to hundreds of thousands of potential investors.”
Beyond stimulating greater liquidity, Mr. Ben-David stressed the benefits of the new universal network from an operations perspective: “Deals on the FinP2P network are expected to be completed in just a fraction of the time they take today, utilizing simplified, automatic processes such as online due-diligence, unified and automated legal work, and shorter regulatory and compliance processes”.
