CloudMargin and Ivno partner to enable tokenized assets as collateral

Rick Steves

The firms have completed initial testing and validated workflows for secure settlement. They are now calling firms to join the larger proof-of-concept and benefit from the compression of their settlement cycles.

Tokenization specialist Ivno has partnered with CloudMargin to leverage its distributed ledger technology to create a blockchain-powered collateral management solution.

The partnership aims to minimize market participants’ transfer costs, settlement failures, and cash trapped in transit whilst optimising liquidity via a wide range of tokenization solutions.

Market participants will have the ability to Tokenize cash, cash equivalent and high-quality liquid assets (HQLA) to use for collateral.

Clients will then instantaneously record and immediately settle Tokenized asset transactions whilst maintaining a legal look-through to the underlying asset, with real-time liquidity insight and the ability to post and receive collateral outside normal banking window cut-offs.

Ivno’s offering is specifically applicable to Tokenized assets and stablecoin use cases for value transfer. Combining CloudMargin’s collateral workflow and settlement functionality, mutual clients can benefit from robust, secure, business-defining solutions for liquidity management and payment modelling.

Aaron Grantham, CEO of Ivno, said: “Clients are now able to seamlessly combine the strength of CloudMargin’s operational credentials with Ivno’s immediate value transfer software for instant Tokenization and settlement. Working in partnership with CloudMargin will enable our shared clients to leverage the benefits of a world-class team and technology by providing a highly innovative solution which delivers 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 within collateral management.

“We believe that Ivno’s Tokenization technology represents a practical application of blockchain technology to solve settlement challenges within collateral management; it offers a compelling use case that gives firms a centralised, secure ledger where all parties – counterparties and their respective custodians – have access to the same information to settle instantly, thereby accelerating the settlement process. We are excited to work with Ivno to begin delivering this unprecedented service to the industry.”

JP Morgan has recently invested in HQLAᵡ, a startup powered by R3’s Corda that enables market participants to transfer ownership of securities seamlessly across disparate collateral pools at precise moments in time.

CloudMargin has recently appointed Helen Nicole as Head of Product. Her experience includes being responsible for new business and derivative legal agreements, including day-to-day management of the bank’s over-the-counter (OTC), repo and foreign exchange (FX) collateral legal agreements.

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