Twenty-eight Organisations Including Eighteen Banks, Three Securities Exchanges, and Other Large Institutions Participate in the Ivno Global Tokenised Collateral Trial - Seite 2

David E. Rutter, CEO at R3, said:

"The number and calibre of participants we have seen take part in the Ivno token CorDapp trial is testament to blockchain's growing use cases. The Ivno Settlement CorDapp answers industry needs – the need for instantaneous collateral movement and settlement. Ivno's vision of real-time, instant value transfer aligns with R3's own objectives and we are looking forward to seeing more banks realise the benefits of Corda, in our trials and beyond."

Marin Karaga, Tokenization Stream Lead, Blockchain Hub at Raiffeisen Bank International said:

"It was amazing to see liquidity being tokenized and then transferred and settled globally within seconds using the Ivno Instant Settlement Corda Application. Liquidity management will enter a new era once products and services like Ivno go live. RBI sees tokenization as a concept that will revolutionize many aspects of the traditional financial industry and is eager to participate in trials pushing this concept closer to practical implementation."

Yusuke Ikunaga, Head of Product and Service Dept at SBI R3 Japan said:

"SBI R3 Japan clearly understands how the enterprise-grade token economy will evolve and function from its participation in the Ivno Global Trial. We hope that this solution built on Corda will change the financial market entirely."

28 Organisations participated in the trial including:

- CIB

- Cobalt

- DBS Bank

- Gateway DLT

- Itaú Unibanco

- National Bank of Canada

- Natixis

- Raiffeisen Bank International

- SBI R3 Japan

- U.S. Bank

Ivno predicts that collateral tokens will create profound shifts in the transfer of value, giving institutions opportunities for whole new ways to serve their customers and end users. This is confirmed with 100% of trial feedback respondents stating that, "asset backed tokens, and natively issued asset tokens have the potential to reshape the landscape of financial services."

Ivno are inviting customers to sign up for its live service later this year, please get in touch with Daniel Halstead Co-Founder on [e-mail] to discuss how Ivno's collateral tokens could enable your organisation to transfer value at scale.

About Ivno

Ivno is a fintech business in London creating tokens of highly rated collateral for use as very fast moving, very secure and liquid unit of transferable value. Large organisations transacting hundreds of millions or billions of dollars need a system of tokenisation designed specifically for their issues, taking in to account trading limits at banks, counterparty exposure during transactions and the cost and complexity of moving very high values to subsidiaries and intermediaries.

Ivno's investment in to IP has been to create a universal Cash & Cash Equivalent^[1] / Level 1 HQLA^[2], stable value, Collateral Backed Token for use by financial institutions and enterprise customers. The Collateral Backed Token is legally enforceable and will not introduce credit or counterparty exposure, which ensures integrity of the underlying asset and suitability for multiple market participants including, banks, exchanges, CCPs, corporates and buy side institutions.

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[1] distributed ledger technology could reduce banks' infrastructure costs attributable to cross-border payments, securities trading and regulatory compliance by between $15-20 billion per annum by 2022,

2 independent advice should be sought on interpretation of cash and cash equivalent status under US GAAP (FASB ASC paragraph 305-10-20), IFRS9 (IAS7) and UK GAAP (FRS102)

3 independent advice should be sought on interpretation of Directive 2013/36 EU and Regulation (EU) No. 575/2013

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