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Bank of America Invests in Blockchain-based Securities Platform

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On March 1, it was announced that the United States Bank of America was involved in its A-round financing. Ownera is developed based on the open source protoco…

Bank of America Invests in Blockchain-based Securities Platform

On March 1, it was announced that the United States Bank of America was involved in its A-round financing. Ownera is developed based on the open source protocol FIN P2P and supports any public or private blockchain and any type of securities tokenization engine on the traditional ledger. Customers can access the unified digital securities wallet, allowing users to invest, trade and borrow Tokenized assets.

Securities Tokenization Infrastructure Ownera was invested by United States Bank

Interpretation of the news:


Bank of America has announced its involvement in the A-round financing of Ownera, a blockchain-based securities platform. Developed on the FIN P2P open-source protocol, Ownera provides support for any type of securities tokenization engine on both public and private blockchains, as well as on traditional ledgers.

The platform offers a unified digital securities wallet that allows any user to invest, trade, and borrow tokenized assets. This, in turn, reduces the need for intermediaries and increases the efficiency of the transaction processes involved in securities tokenization.

Bank of America’s participation in the A-round financing is significant, as it demonstrates the bank’s recognition of the potential of blockchain technology in revolutionizing traditional financial systems. The bank joins other notable investors, such as Signature Bank and Blockchain Capital, in supporting Ownera’s goal to facilitate easy access and digital transfer of securities.

The decision to invest in Ownera also reflects Bank of America’s commitment to innovation and digital transformation. With the rise of fintech companies and startups disrupting traditional banking services, banks are looking for ways to stay ahead of the curve and meet changing customer demands. By investing in blockchain technology, Bank of America is positioning itself as a forward-thinking financial institution that is ready to embrace new technologies and adapt to changing market conditions.

Overall, Ownera’s platform and Bank of America’s investment in it are indicative of the growing adoption and acceptance of blockchain-based solutions in the financial industry. With blockchain’s potential to increase efficiency, reduce costs, and improve security in financial systems, it is expected that more banks and financial institutions will follow Bank of America’s lead and invest in blockchain-based platforms in the near future.

Keywords such as ‘Ownera’, ‘blockchain’, and ‘digital wallet’, underline the significance of the announcement that points towards the increased functionality and efficiency of securities operation. With this new technology, it will lead to transformative financial solutions that the public can benefit from.

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