R3 Acquires Stablecoin Software Company Ivno

R3, the company behind enterprise DLT solution Corda, has acquired London-based financial asset tokenization specialist Ivno.

Ivno was established in 2018 and focuses on the easy and rapid tokenization of assets, including gold, cash, collateral and artwork, in a manner that complies with regulations.

R3’s acquisition of Ivno will enhance the capabilities of Corda with regard to the issuance of tokenized assets and allow R3 customers to explore stablecoin issuance models. This is particularly interesting from the standpoint of Central Bank Digital Currencies.

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R3’s Chief Product Officer Todd McDonald, said: “Digital cash and tokenized liquid assets represent one of the biggest innovations in financial markets. The underlying technology provides an opportunity to significantly optimize the cost and speed of financial transactions. The acquisition of Ivno’s high-quality software built on Corda significantly accelerates R3’s ability to offer enterprise-grade and regulatory-friendly stablecoin issuance capabilities to our customers. As the first step, Ivno’s capabilities will be integrated with R3’s Digital Currency Sandbox.”