London, UK – 30th June 2025 – Adhara and ioBuilders have joined forces to form a leading independent provider of blockchain-based software products and services for financial institutions. The new company, headquartered in London, is profitable, with over 120 employees across the UK, Spain, South Africa, and Singapore, and generates double-digit million euro revenues annually. It offers a full product suite in digital cash, tokenized lending, and securities – helping financial institutions move from proof-of-concept to production.

Adhara, established in 2018, has pioneered real-time digital cash and settlement systems globally. Founded in 2018, ioBuilders has delivered tokenized financial platforms for regulated institutions worldwide. Both companies were early adopters of enterprise-grade Distributed Ledger Technology (DLT), with a strong focus on Enterprise Ethereum based platforms. These technologies — including Ethereum, Hyperledger Besu, and Hedera Hashgraph — have become foundational for regulated digital asset systems due to their maturity, ecosystem depth, and ability to support the scalability, privacy, and interoperability requirements of financial institutions.

The new entity has already been publicly associated with leading global financial institutions such as Santander, BBVA, Deutsche Bank, UBS, DTCC, IDB, Lloyds, Allfunds, and Renta 4 Banco; as well as financial market infrastructures like SIX/BME and Fnality; and ecosystem players including Partior, Garrigues, Deloitte, Fireblocks, Ownera, and Hedera. With operations across EMEA, the Americas, and Asia, its platforms – including DC Commander, DC Issuance, and Asseto Markets – are in production, supporting use cases from deposit token and stablecoin issuance to tokenized loans, funds, bonds, and equities.

Adhara is the software partner for Fnality, the first wholesale digital cash system in commercial use. It has delivered blockchain-based systems for settlement, payments, and fund distribution. ioBuilders complements this with regulatory-grade platforms for digital lending, and tokenized securities, used by leading banks, asset managers and financial market infrastructures across Europe.

Carlos Matilla, CEO of ioBuilders, takes the role of CEO of the combined entity. Peter Munnings, co-founder of Adhara, becomes COO, and Adhara founder Julio Faura assumes the role of Chairman.

“This is a pivotal moment for the financial sector,” said Julio Faura. “Digital finance is now real, and we offer the production-ready tools institutions need to lead.”
Carlos Matilla added: “We are creating a one-stop partner with proven software and delivery experience for banks going from pilot to scale.”

This transaction follows Adhara’s Series A round led by Yabeo and Force Over Mass Capital, with participation from ConsenSys and others. Joe Lubin, co-founder of Ethereum and Chairman of ConsenSys Mesh, commented: “This combination creates a powerful partner to help redefine the future of banking.”
Gerrit Seidel, General Partner at Yabeo, said: “This is the leading bank-to-bank blockchain software provider globally – ready to replace incumbents.”

The transaction is subject to regulatory approvals.

Media contact: jorge.serrano[at]io.builders
Web: www.adhara.io | www.io.builders