Adhara and ioBuilders Merge to Become a Leading Blockchain Solutions Provider for Financial Institutions Worldwide

Adhara and ioBuilders Join Forces



In a strategic move that could reshape the landscape of financial technology, Adhara and ioBuilders have announced their merger to create a top-tier provider of blockchain-based software products and services tailored for financial institutions. The new entity, headquartered in London, is profitable and employs over 120 professionals across key global locations, including the UK, Spain, South Africa, and Singapore, generating millions in annual revenue.

A New Era in Financial Transactions



This merger signifies a pivotal moment as both companies transition from being key players in digital payment solutions and tokenized financial platforms to a consolidated entity that facilitates the transition of financial institutions from preliminary proof-of-concept stages to full-scale production.

Founded in 2018, Adhara has been at the forefront of developing real-time global payment and settlement systems, while ioBuilders has specialized in delivering regulatory-compliant tokenized financial platforms worldwide. The combination of their strengths aims to create innovative solutions for clients navigating the complexities of blockchain technology and digital assets.

Technology Merging to Strengthen Financial Institutions



Utilizing a range of robust distributed ledger technologies (DLT), including Ethereum, Hyperledger Besu, and Hedera Hashgraph, the merged company positions itself to meet the growing demands for scalability, privacy, and interoperability in financial transactions. These technologies have demonstrated significant reliability for regulated digital asset systems, paving the way for a new standard in the industry.

Already, the newly formed entity boasts partnerships with prominent global financial institutions such as Santander, BBVA, Deutsche Bank, and UBS, along with market infrastructure giants like SIX/BME and Fnality. Their platforms — including DC Commander, DC Issuance, and Asseto Markets — are now operational and support a wide array of use cases such as stablecoins, tokenized loans, and trading of bonds and equities.

Leadership and Vision



In this newly unified leadership structure, Carlos Matilla, the CEO of ioBuilders, will lead the combined organization. Julio Faura from Adhara will serve as the COO, and Peter Munnings, also from Adhara, will assume the role of chairman. Together, they aim to foster innovation and drive the adoption of blockchain technologies in the financial sector.

"This is a critical moment for the financial industry," remarked Julio Faura, emphasizing the clear maturation of digital currencies and assets as banks expand beyond mere concepts toward tangible solutions. The merger intends to create a premier enterprise Ethereum provider, enhancing client creativity and success in this digital age.

Carlos Matilla, echoing his counterpart, expressed the importance of combining proven digital currency products with comprehensive asset tokenization platforms. This alliance is expected to streamline the transition for financial institutions from pilot projects to full production capabilities, facilitating a broader adoption of DLT.

The merger follows a successful Series A funding round led by Yabeo and Force Over Mass Capital, with participation from ConsenSys and other notable investors. Joe Lubin, co-founder of Ethereum and leader at ConsenSys Mesh, lauded the merger, recognizing the combined potential of both companies to transform traditional finance (TradFi) into a more transparent and efficient system empowered by stablecoins and tokenized deposits.

Additionally, Gerrit Seidel from Yabeo emphasized that this fusion positions the new company as the foremost global provider of interbank blockchain technology, capable of displacing traditional banking software providers in the foreseeable future.

As this merger awaits regulatory approval, the financial technology community watches closely, anticipating a significant shift in how institutions approach blockchain implementation and digital asset management. With the increasing recognition of the potential of blockchain, Adhara and ioBuilders are set to lead the charge into this new frontier of finance.

For ongoing updates and further details, you can visit: Adhara and ioBuilders.

Topics Business Technology)

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