UK-based Adhara and Spain-based ioBuilders have announced their merger to create a leading independent provider of blockchain-based software products and services for the financial sector.
The new company, headquartered in London, has more than 120 employees across the United Kingdom, Spain, South Africa, and Singapore. Its offering includes comprehensive solutions in digital money, loans, and tokenized tradable securities. This industry-leading product portfolio will help implement turnkey blockchain solutions for financial institutions.
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Founded in 2018, Adhara has been a pioneer in the development of digital money and real-time settlement systems internationally. ioBuilders, also founded in 2018, has developed blockchain-based technology platforms for regulated institutions in various countries.
Both companies adopted enterprise-oriented distributed ledger technologies (DLTs) from the outset, with a special focus on Enterprise Ethereum-based platforms. Technologies such as Ethereum, Hyperledger Besu, and Hedera Hashgraph have established themselves as key infrastructures for regulated digital assets thanks to their maturity, ecosystem, and ability to scale, preserve privacy, and ensure interoperability.
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The new entity has been publicly linked to leading financial institutions such as Santander, BBVA, Deutsche Bank, UBS, DTCC, IDB, Lloyds, Allfunds, and Renta 4 Banco. It also collaborates with market infrastructures such as SIX/BME and Fnality, and with key ecosystem players such as Partior, Garrigues, Deloitte, Fireblocks, Ownera, and Hedera.
With operations in Europe, the Americas, and Asia , its platforms including DC Commander, DC Issuance, and Asseto Markets—are already in production and support use cases ranging from issuing tokenized deposits and stablecoins to tokenized loans, funds, bonds, and stocks.
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Adhara is the technology partner of Fnality, the first commercially operational wholesale digital cash system. The company has developed blockchain solutions for settlement, payment, and fund distribution processes.
ioBuilders provides solutions for tokenized financial loans and securities already used by leading banks, asset managers, and financial infrastructure companies in Europe.
Carlos Matilla , currently CEO of ioBuilders, will assume the role of CEO of the new company. Peter Munnings , co-founder of Adhara, will serve as Chief Operating Officer (COO), and Julio Faura , also founder of Adhara, will preside over the board as Chairman.
“We are at a key moment for the future of the financial system,” said Julio Faura , CEO of Adhara. “Banks and market infrastructures are moving beyond proof-of-concept to fully embrace real-world implementations, demonstrating the maturity of digital money and tokenized assets. The merger of Adhara and ioBuilders positions us as the leading provider of Enterprise Ethereum-based technology, helping our clients successfully advance in this new digital era.”
Carlos Matilla , CEO of ioBuilders, added: “The integration of Adhara and ioBuilders represents a major step forward for the industry. By combining established digital money products with real-asset tokenization platforms and extensive deployment experience, we offer financial institutions a unique partner to scale from pilots to production and accelerate DLT adoption.”
This transaction follows Adhara’s Series A round, led by Yabeo and Force Over Mass Capital, with participation from ConsenSys and other investors.
“Adhara was one of the first projects incubated on Consensys Mesh, and already saw the transformative potential for traditional finance. Their merger with ioBuilders brings together talent and solutions that are perfectly aligned with the new reality of the financial sector, where stablecoins, tokenized deposits, and cross-border payments are gaining prominence,” said Joe Lubin , Co-Founder of Ethereum and President of Consensys Mesh. “We are confident that their future partnerships will continue to strengthen our ecosystem and drive efficiencies for our customers.”
Gerrit Seidel , General Partner at Yabeo, added: “The resulting company is a global leader in the development of blockchain technology for entity-to-entity banking and is poised to replace traditional financial software providers in the coming years.”
The transaction is subject to regulatory approval.
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Source: prnewswire