J.P. Morgan invests in trading network Ownera’s $20 million raise

Quick Take

  • Ownera, a trading network for tokenized assets, has raised $20 million from investors such as J.P. Morgan and LRC Group. 
  • Representatives of J.P. Morgan and LRC Group will also join Ownera’s board. 

Ownera, a trading network for tokenized assets, has announced a $20 million Series A fund raise. Investors include J.P. Morgan, LRC Group and Accomplice Blockchain, the company said. 

Founded in 2019, Ownera aims to create a unified trading pipeline for digital assets, which will connect siloed tokenization platforms and trading interfaces, per the release. Clients, such as financial institutions, will be able to access Ownera’s wallet, which enables them to invest, trade, lend and borrow against a connected set of tokenized assets. 

“Dozens of platforms are being deployed by financial institutions across the market, and our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications,” Ami Ben-David, Ownera co-founder & CEO, said in the statement. 

The funds from the raise will be used to accelerate the deployment of the network. 

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“Interconnectivity is key to maintaining a liquid marketplace for tokenized assets,” said Scott Lucas, Head of Markets DLT at J.P. Morgan, in the release. “Ownera has developed a solution with the potential to connect multiple platforms to start building towards that liquid marketplace.” 

Lucas will join Ownera’s board alongside Nadav Zohar, chairman of the LRC Group, who will serve as executive chairman. 

Ownera previously raised an undisclosed amount in July 2021, according to data from Crunchbase.


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About Author

Kari McMahon is a deals reporter at The Block covering startup fundraises, M&A, FinTech and the VC industry. Prior to joining The Block, Kari covered investing and crypto at Insider and worked as a python software developer for several years. For inquiries or tips, email [email protected]