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Adhara and ioBuilders: A Merging of Blockchain Innovators

In a landmark move that is set to reshape the financial landscape, Adhara and ioBuilders have merged to establish one of the foremost independent providers of blockchain-based software products and services tailored for financial institutions. This merger positions the newly formed entity as a prominent player within the sector, amplifying their capabilities in delivering solutions that cater to the evolving needs of clients in a digital-first world.

Solidifying Their Foundation

Headquartered in London, the new company boasts profitable operations and employs over 120 professionals across key regions including the UK, Spain, South Africa, and Singapore. Their combined revenues are already in the double-digit millions of euros annually, highlighting their successful venture into the competitive marketplace. Drawing on their expertise, both companies now provide a comprehensive suite of products such as digital cash systems, tokenized lending solutions, and securities services. These offerings are designed to assist financial institutions in progressing from merely conceptual frameworks to fully operational systems, marking a significant transition towards mass digital asset adoption.

Adhara, founded in 2018, has established itself as a pioneer in global real-time digital cash and settlement systems. Concurrently, ioBuilders has garnered acclaim for developing tokenized financial platforms that comply with regulatory standards across a diverse array of institutions. Both organizations are recognized as early adopters of enterprise-grade Distributed Ledger Technology (DLT), embracing platforms such as Ethereum, Hyperledger Besu, and Hedera Hashgraph. These technologies have formed the backbone of regulated digital asset infrastructure, thanks to their proven scalability, security, and adaptability to various financial requirements.

Key Partnerships and Clientele

The newly created entity is poised to cater to a distinguished clientele, having already engaged with leading global financial institutions such as Santander, BBVA, Deutsche Bank, UBS, and many others. Beyond individual partnerships, they capitalize on relationships with significant market infrastructures including SIX/BME and Fnality. Among their array of offerings, platforms such as DC Commander, DC Issuance, and Asseto Markets are currently in use, facilitating operations that range from the issuance of deposit tokens and stablecoins to the management of tokenized loans, investment vehicles, and equities.

Notably, Adhara serves as a software provider for Fnality, the pioneering wholesale digital cash system actively used in commercial transactions. This pairing enhances the overall efficiency and capability of financial institutions, as it addresses the pressing demand for seamless settlement and payment processes in today’s digital economy.

Leadership and Vision

The merger is set to be led by Carlos Matilla, former CEO of ioBuilders, who will assume the same title in the new organization. Peter Munnings, co-founder of Adhara, will take on the role of Chief Operating Officer, while Julio Faura, founder of Adhara, transitions to the position of Chairman. In their own words, both Faura and Matilla articulated their optimistic outlook on the merger’s potential, with Faura underscoring this juncture as a pivotal moment for the financial industry. He emphasized the significance of transitioning from proof-of-concept stages to operational frameworks now that the maturity of digital cash and digital assets is indisputable.

Matilla added that merging the strengths of both organizations marks a substantial advancement, consolidating their capabilities in digital cash products and real-world asset tokenization. They are intent on becoming a comprehensive partner for financial institutions, facilitating their transition from pilot projects to fully operational systems while bolstering the broader adoption of DLT.

This merger follows a successful Series A funding round led by Yabeo and Force Over Mass Capital, with contributions from ConsenSys and additional investors. Joe Lubin, co-founder of Ethereum and Chairman of Consensys Mesh, commented on this strategic union, highlighting the potential for transformative capabilities in traditional finance. He expressed anticipation for future partnerships that will enhance their ecosystem and optimize client efficiencies.

Gerrit Seidel, General Partner at Yabeo, remarked on the transformative nature of the merger, declaring the new organization as the leading blockchain technology provider aimed at financial institutions worldwide, setting the stage to overshadow longstanding banking software providers.

As they progress, the transaction remains contingent on regulatory approvals, yet the potential rewards stemming from this alliance could redefine industry standards and usher in a new banking order characterized by stablecoins, tokenized deposits, and innovative cross-border payment solutions.

For more information on their offerings, please visit Adhara or ioBuilders.