Edena Korea and Silverlake Axis form Singapore venture for cross-border settlement
What's the deal? Edena Korea signed a joint venture agreement with Silverlake AxisDealroom has a profile for this one. Try Dealroom → Group, an Asian financial IT company, to build next-generation global settlement infrastructure, the company said on 14 July 2026. The venture pairs Silverlake's banking technology with Edena Korea's distributed-ledger, real-time ledger synchronisation system.
Who are the players? Silverlake Axis has run core banking systems for 137 major banks across 80 countries over 37 years, and holds more than 40% of core banking networks at major Asian commercial banks.
What's the endgame? The venture targets real-time, cross-border clearing and settlement built on digital assets. A jointly developed tool, the EDENA Interface Device (EID), plugs into a large bank's existing systems without altering them, aiming to block errors and security risks while preserving ledger integrity.
What does the venture own? It holds full, exclusive global intellectual property and the platform framework for the "EDENA NEXUS" brand and the EID system. Edena Korea says it is in implementation talks with major financial institutions.
The partnerships: In South Korea, Edena Korea signed a memorandum of understanding with SK SecuritiesDealroom has a profile for this one. Try Dealroom → on digital asset finance, exploring real-world asset tokenisation and overseas expansion. US partner Cantor8 handles blockchain engineering, drawing on design work for the finance-focused Canton Network mainnet.
What they're saying: David Lim, Silverlake Axis Group co-chief executive officer, called the combination "the inevitable evolution of capital markets" and said the venture would become "a new financial standard." Edena Korea chief executive officer Wook Lee said the aim is to "lead the standard for next-generation global financial settlement rails."
The signal: The venture reflects a push to link traditional bank infrastructure with digital-asset settlement rails, positioning legacy financial software firms and tokenisation startups as partners rather than rivals in reshaping cross-border payments.
Read more: Edaily
