LONDON, June 24, 2021 / PRNewswire / – Ivno, the London-based financial market tokenization company and CloudMargin, Developer of the world’s first and only cloud-owned collateral and margin management solution, today announced a new strategic partnership that leverages Ivno’s distributed ledger technology (DLT) and CloudMargin’s collateral management capabilities . The first partnership of its kind will allow market participants to benefit from minimizing transfer costs, settlement errors and cash trapped in transit, while optimizing liquidity through a wide range of tokenization solutions. It will also result in significantly improved operational and treasury efficiency.
The offering combines Ivno’s DLT tokenization and the award-winning cloud-based collateral management platform from CloudMargin. Market participants have the option to tokenize cash, cash equivalents, and high quality liquid assets (HQLA) for use as collateral. This approach gives customers the ability to instantly record and process transactions in tokenized assets while maintaining a legal view of the underlying asset. In addition to optimizing operational processes and intraday cash flow, customers also benefit from real-time liquidity insights and the ability to store and receive collateral outside of the usual bank window cut-offs.
Ivno is a provider of blockchain tokenization software for financial market customers who need innovative solutions to immediately and securely reconcile the requirements for value transfer. The offer applies specifically to tokenized assets and stablecoin use cases for value transfer. CloudMargin’s advanced collateral workflow and settlement functionality combined with Ivno’s technology will enable mutual customers to benefit from robust, secure, business-defining solutions for liquidity management and payment modeling.
Aaron Grantham, Ivno CEO, said: “Customers can now seamlessly combine the strength of CloudMargin’s operational credentials with Ivno’s instant value transfer software for instant tokenization and billing. Working with CloudMargin will enable our mutual customers to take advantage of one world. ” -Class team and technology by delivering a highly innovative solution that adds tangible value to their business. “
Simon Millington, Global Head of Business Development at CloudMargin, said, “CloudMargin has always strived to be at the forefront of modern technology initiatives in collateral management. We believe that Ivno’s tokenization technology is a practical application of blockchain technology to solve settlement challenges in collateral management; It provides a compelling use case that provides businesses with a centralized, secure ledger where all parties – counterparties and their respective custodians – have access to the same information for instant settlement, which speeds up the settlement process. We are excited to be working with Ivno, to begin delivering this unparalleled service to the industry. “
CloudMargin and Ivno have successfully completed initial tests of the initiative and validated workflows for secure processing between the two technology providers. The partners are now looking for companies that want to benefit from the consolidation of their execution cycles in order to be part of the larger proof-of-concept.
Ivno, co-founded by Chris Rayner-Cook and Dan Halstead, consists of senior financial services professionals and dynamic technology experts. Her experience spans fund management, operations, risk management and technology, including DLT change programs. The development team has over 40 years of successful experience in developing and implementing business software. Ivno’s software is the tokenization engine for use in the Corda environment with interoperability with other blockchain architectures such as Ethereum. The company was founded in 2018 and is headquartered in London. www.ivno.io
Headquarters in London, CloudMargin developed the world’s first cloud-based collateral management workflow tool, which has won more than 20 industry awards and accolades for innovation and world-class technology since 2015. The company’s Software-as-a-Service (SaaS) model helps leading sell-side and buy-side financial institutions worldwide – including banks, brokerage and asset management companies, pension funds and insurance companies – meet and dramatically reduce time-sensitive regulatory deadlines rising costs associated with collateral requirements. CloudMargin delivers its robust, secure platform directly as well as through outsourcers and large industry service providers. CloudMargin’s strategic investors as a partner and owner of the market include Deutsche Bank, Citi, Deutsche Börse, IHS Markit and Jefferies, as well as the venture capital company Illuminate Financial. With more than 20 integration partnerships, CloudMargin was the first provider of collateral management solutions to be a member of the SWIFT network and facilitate direct processing through to settlement. For more information, visit www.cloudmargin.com.
SOURCE CloudMargin; Ivno