Aeonic Digital Assets ("Aeonic") announced today that it has joined R3's Venture Development program, the global enterprise technology and services firm's accelerator program for early-stage start-ups building on Corda. Aeonic will have full access to the benefits of the program, including extensive technical support, access to R3's ecosystem of VCs and mentors, and enterprise customer opportunities.
Aeonic is leveraging the Enterprise Edition of R3's Corda to develop an independent, state-of-the-art, regulated digital securities platform. This new market structure aims to harmonize access to alternative and traditional assets through security tokenization. It achieves this by mitigating known inefficiencies in settlement, transparency and liquidity across both private markets and institutional operations, such as collateral / treasury management, structuring and balance sheet optimization.
R3's Venture Development program has supported the growth of many production-ready start-ups that are building applications on Corda, ensuring that participants of the program have access to the tools and resources they need to scale successfully. R3 leverages its global network of 200+ start-up mentors, VCs, and service providers to add value to its start-up community.
"We are excited to be working with R3 in this new paradigm of the digitization of financial markets by developing the next generation of digital securities solutions. The new platform aims to provide safer access, interoperability and operational elegance; with programmatically compliant smart contracts and (much needed) regulatory governance and transparency," said Gregory Wagner, Founder and CEO of the Company.
David Vatchev, Global Head of Venture Development at R3, commented: "R3 is a leading provider of enterprise technology and services that enable direct, digital collaboration in regulated industries where trust is critical. Our venture development program ensures start-ups derive the greatest value from our technology, market expertise and connected ecosystem to shorten their time-to-market and accelerate go-to-market strategy. We are pleased to be working with Aeonic and supporting its use of Corda in shaping the future of the regulated digital securities market."
About Aeonic Digital Assets
Aeonic is re-imagining how private companies and institutions access, transact and settle alternative and traditional assets through development of a next generation, fully regulated, digital securities market structure. Aeonic's mission is to digitize and harmonize the world's alternative and traditional asset classes; making them accessible, tradable, transparent, secure and compliant to the global community.
R3 is a leading provider of enterprise technology and services for the development of multi-party solutions that enable direct, digital collaboration in regulated industries where trust is critical. R3 provides distributed ledger and confidential computing platforms, capabilities, and services for the development and scaling of multi-party applications and ecosystem solutions.
Learn more at www.r3.com.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Aeonic Digital Assets or its affiliates disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Original Source: Aeonic Joins R3's Venture Development Program to Develop Regulated Digital Securities Infrastructure on Corda