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

The Strategic Merger of Adhara and ioBuilders: A New Era for Blockchain Solutions in Finance

In a landmark development, British firm Adhara and Spanish company ioBuilders have announced their merger, aimed at establishing a leading independent provider of blockchain-based software products and services specifically tailored for financial institutions. Officially taking effect in mid-2025, this move signals a pivotal transformation in the landscape of financial technology, as both companies join forces to leverage their extensive expertise and resources.

A Global Force in Blockchain Technology

Based in London, the newly formed entity will incorporate over 120 employees spread across key locations in the UK, Spain, South Africa, and Singapore. This merger aims to provide comprehensive solutions in digital currency, tokenized loans, and tradable securities. Adhara is renowned for pioneering international real-time digital money systems since its inception in 2018, while ioBuilders has equally made its mark by developing blockchain technology platforms that cater to regulated institutions across multiple countries.

With both companies focusing on Distributed Ledger Technology (DLT) from the outset, they have aligned their strategies with business-centric applications, particularly on platforms using Enterprise Ethereum. The growing adoption of technologies such as Ethereum, Hyperledger Besu, and Hedera Hashgraph has become crucial in providing the infrastructure for regulated digital assets, thanks to their maturity, scalability, privacy features, and interoperability capabilities.

Strengthening Ties with Major Financial Institutions

The new entity has already built robust relationships with leading financial institutions such as Santander, BBVA, Deutsche Bank, UBS, and several others. Their collaborations with key market infrastructures like SIX/BME and Fnality are also noteworthy, demonstrating their proactive approach to integrating blockchain solutions into existing financial ecosystems.

Their products, including DC Commander, DC Issuance, and Asseto Markets, have already been implemented and support a wide range of use cases—from tokenized deposits and stablecoins to loans, funds, bonds, and tokenized equities. Adhara's technology partnership with Fnality marks a significant milestone, establishing the first operational commercial digital wholesale currency system.

Leadership for a New Era

Carlos Matilla, who previously served as CEO of ioBuilders, will now take on the role of CEO for the combined entity. Peter Munnings, co-founder of Adhara, will serve as Chief Operating Officer (COO), while Julio Faura, another founder, will chair the board. This leadership structure is set to drive forward the new company's vision at a crucial juncture in the financial sector, as institutions are moving beyond initial proof-of-concept trials toward real-world implementations of digital solutions.

Julio Faura expressed that this merger positions the company as a leader in technology based on Enterprise Ethereum. He stated, "We are at a crucial point for the future of the financial system. The maturity of digital money and tokenized assets is evident as banks transition towards concrete implementations."

Expanding the Financial Technology Landscape

Carlos Matilla elaborated on the potential of this merger by saying that it combines established digital money products with comprehensive asset tokenization platforms. This creates a unique opportunity for financial entities to transition from pilot projects to full-scale production, thereby accelerating the adoption of DLT technologies within the industry.

As part of the merger, Adhara's recent Series A funding round led by Yabeo and Force Over Mass Capital, alongside participation from ConsenSys and other investors, has bolstered the new company's launch. Joe Lubin, co-founder of Ethereum and chairman of ConsenSys Mesh, highlighted that the merger brings together talents and innovative solutions aligned with the evolving demands of the financial sector, particularly as stablecoins and cross-border payments rise in prominence.

Conclusion

Overall, the merger of Adhara and ioBuilders represents a significant advancement in the financial technology sector, aiming to replace traditional financial software providers with innovative blockchain solutions in the coming years. This transformative step is expected to navigate the regulatory landscape while propelling further innovations in the world of finance—a sector increasingly leaning toward digital and tokenized assets.

For more information, visit Adhara and ioBuilders.