Today it was announced that US Bancorp, the fifth largest in the United States, has invested in Ownera, the creator of FINP2P that aims to connect digital asset tokenization platforms with wealth managers and exchanges. While the amount of the investment was not disclosed, corporate registry filings show fresh funding of $3 million earlier this month.

This is a Series A extension following an initial closing of $20 million in September of last year, which includes JP Morgan and LRC Group, the real estate asset manager.

Numerous tokenization platforms are emerging from the likes of Societe Generale, Goldman Sachs, and HSBC, to name just a few. Without interoperability, asset managers and wealth managers would have to connect their software to each tokenization platform, which is impractical. It would also make it more difficult to sell assets after issuance.

FINP2P hopes to enable interoperability, distribution, and liquidity by providing a routing system between these tokenization platforms and investors. Ironically, the solution does not use blockchain.

“This investment will allow us to play an important role in shaping the future of capital markets, where issuers and institutional investors have more real-time visibility into assets and can transfer ownership and settle transactions more efficiently. said Jim Kelligrew, vice president. and Head of Corporate and Commercial Banking, US Bank.

“Our goal is to provide our capital markets clients with a more streamlined experience, helping them save time and money, all while enjoying unprecedented transparency.”

FINP2P is not the only player facing the challenge of tokenization interoperability. It’s a topic that companies like SWIFT are exploring. The Regulated Liability Network was conceived by Citi and aims to connect CBDC, depository tokens and digital assets. He is involved in lawsuits at the New York Federal Reserve with eight banks. Separately, Standard Chartered and LBBW recently invested in DekaBank’s SWIAT, which has similar goals.