FinP2P, a digital securities interconnectivity protocol designed to enable financial institutions to issue, trade, and instantly settle digital securities, adds a Tezos blockchain adapter.
What is FinP2P?
FinP2P is an interconnectivity routing network designed to enable financial institutions to issue, trade, and instantly settle digital securities. A unique thing that FinP2P enables is cross-platform and blockchain functionality. FinP2P can enable seamless cross-organization transactions.
The purpose of FinP2P is to digitize, systematize and automate private capital markets, by enabling regulated financial institutions to connect to a global network of digital private securities. To this network, each institution can bring from one side verified assets (to register, manage and offer their securities), and bring from the other side verified users (to invest and manage their securities ownership online).
A demo video showing the FinP2P network in action can be seen here.
FinP2P has been created by Ownera which is a Draper Goren Holm portfolio company. The project has been led by Ami Ben-David Co-Founder/CEO at Ownera and formerly the Co-Founder/Managing Partner at SPiCE VC/Securitize.
Tezos
Now, an open-source adapter for Tezos has been created that allows cross trading of assets on Tezos with institutions using any other ledger on the FinP2P network.
The specific Tezos adapter Github page can be found here.
Some other ledgers in the FinP2P network include: Ethereum, Algorand, Stellar Corda, Circle, Fabric (Hyperledger), Symbiont Assembly, GK8, Fireblocks and ING bank-led project Pyctor.
Now, Tezos has been added to this list and has become part of the FinP2P interconnectivity routing network.
Ami Ben-David, Ownera Co-Founder and CEO, said:
“With this adapter, any FinP2P wallet, using any custody solution, can hold, transfer and trade Tezos assets against any other security or currency on any other ledger. Currently supporting primary distribution and secondary liquidity, with colleteralization and borrowing coming soon.”
Read Also: Tezos Blockchain In 2021 – A Year in Review
This article first appeared on XTZ.news. Source Link: https://xtz.news/adoption/finp2p-interconnectivity-routing-network-for-financial-institutions-adds-tezos-adapter/