R3 has acquired the technology and team of the financial asset tokenisation specialist Ivno, boosting its capabilities in the Corda environment and strengthening its digital assets and currency business.

Ivno’s smart contract and tokenisation platform is designed for regulated financial services firms.

It enables users to tokenise assets such as gold, cash, collateral and artwork, providing an easier way to increase liquidity and support the speedier and low-cost transfer of assets.

Integrating Ivno’s capabilities will empower R3’s customers to optimise balance sheet management through tokenisation of underlying assets, while benefiting from the performance and security of Corda.

It will also enhance the capabilities of the R3 Sandbox for Digital Currencies, allowing customers to experiment with tokenisation of digital assets and explore various emerging stablecoin models before moving to a production-ready solution.

Aaron Grantham, CEO of Ivno, said: “Customers will be able to take advantage of Ivno’s innovative tokenisation software capabilities with the benefits offered by a true enterprise framework provided by R3. This will allow rapid adoption of new business solutions using DLT-led technology paradigms.”

Todd McDonald, chief product officer of R3, added: “Digital cash and tokenised liquid assets represent one of the biggest innovations in financial markets. The underlying technology provides an opportunity to significantly optimise the cost and speed of financial transactions.

“The acquisition of Ivno’s software built on Corda significantly accelerates R3’s ability to offer enterprise-grade and regulatory-friendly stablecoin issuance capabilities to our customers.”

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