Adhara Limited Awarded as Technology Pioneer by World Economic Forum
The World Economic Forum announced its selection of the 100 most promising Technology Pioneers of 2021 – companies that are shaping industries from healthcare to retail and many more.
– This year’s cohort includes representation from 26 economies on six continents with reach far beyond traditional tech hubs like Silicon Valley.
– The full list of Technology Pioneers can be viewed here.
United Kingdom, 15 June, 2021 – Adhara Limited, one of the leading solution providers in the wholesale digital cash market, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. Adhara’s experience in wholesale digital cash includes the issuance of Central Bank Digital Currencies (CBDCs) and other forms of tokenized money leveraging standard, enterprise-grade blockchain technology and smart contracts. These solutions are for Commercial banks to develop compatible internal and external strategies to optimize the way they manage liquidity, manage Fx, and process cross border payments.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society.
With their selection as Technology Pioneer, CEO Julio Faura of Adhara will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Adhara will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.
“We’re excited to welcome Adhara to our 2021 cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “Adhara and its fellow pioneers are developing technologies that can help society solve some of its most pressing issues. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world.”
“We at Adhara are proud to be acknowledged as a tech pioneer by the World Economic Forum” said Adhara’s CEO Julio Faura. “Our solutions enable banks to run their international payments, FX and liquidity operations more securely and extremely cost effectively thanks to the use of smart contracts and blockchain, and this gives banks of all sizes and in all geographies access to very advanced treasury and payments functionalities that were only available to large institutions. We believe this will contribute to accelerate the transformation of the financial markets making the banking industry more efficient, resilient, interconnected, innovative and inclusive, and we are very excited to collaborate with the WEF and our fellow Technology Pioneers to take these new possibilities to the world.”
Our work is closely aligned to the World Economic Forum’s “Technology Pioneers” objectives including new solutions to build future resiliency. As one of the leading solution providers in the wholesale digital cash market, Adhara helps banks.
For the first time in the community’s history, over 30% of the cohort are led by women. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. This year’s cohort includes start-ups from 26 countries, with UAE, El Salvador, Ethiopia and Zimbabwe represented for the first time.
The diversity of these companies extends to their innovations as well. 2021 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The full list of Technology Pioneers can be found here.
Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.
Adhara is a leading software company that provides real time, multi-currency, liquidity management and international payment solutions. Benefiting commercial banks, their corporate clients, central banks, exchanges and international payments networks, Adhara’s platforms deliver certainty by atomically clearing and settling tokenized fiat payments over enterprise-grade, smart contract enabled distributed ledgers. Together, these components provide holistic liquidity management for payments and market making solutions that help manage FX risk and leverage liquidity globally on a network in real time. Adhara has global reach with development hubs in Spain & South Africa, as well as business bases in the UK and Singapore. Its diverse team has decades of experience across commercial banking technology, capital markets, blockchain and product design & development – including an Engineering team with excellence in cryptography, enterprise systems and end user app development.
Adhara provides real time solutions for multi-currency global liquidity management, FX and international payments based on tokenized money over a smart contract-enabled, decentralized ledger. We operate across the globe with development hubs in our offices in Spain & South Africa, as well as business bases in the UK and Singapore.
About the Technology Pioneers
The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community is composed of early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
The World Economic Forum provides the Technology Pioneers community with a platform to engage with the public- and private-sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.