What Finternet does

Finternet is a non-profit digital public infrastructure initiative operated by the Foundation for Interoperability in Digital Economy, building an open, programmable platform for tokenized finance. The project's stated goal is to interconnect fragmented global financial ecosystems — targeting 8+ billion individuals and 300+ million businesses — by enabling any asset to be represented, governed, and transacted under shared programmable rules across institutions, sectors, and borders. It was co-conceived in 2023 by Nandan Nilekani (co-founder of Infosys, founding chairman of UIDAI) and Agustín Carstens (General Manager of the Bank for International Settlements), with Finternet Labs launched in October 2024 as the core technology and research hub operating across India, the US, Singapore, and Switzerland.

The technical architecture is built around the BIS unified ledger blueprint, with two twin pillars: tokenization of real-world and financial assets, and unified programmable ledgers. Core platform components include the Unified Ledger API/Services Layer, the Unified Interledger Protocol (UILP) for cross-ledger communication, multi-chain smart contract runtimes supporting Solana, Ethereum, and Corda, an Immutable Proof Store for verifiable execution proofs, User & Identity Management systems (including vLEI integration via GLEIF), Schema Infrastructure, Off-Chain Payments and Settlements bridging, and a Programmable Payment Rails layer that embeds compliance logic directly into payment execution. Live pilots are operational with GLEIF (digital identity), E-Liability Institute (carbon emissions tokenization), Vivriti Capital (SME loan and trade receivable tokenization in India), and the Asian Development Bank (cross-border decentralized identity), with a tokenized agricultural lending pilot launched with Avalanche in February 2026. The first commercial applications are scheduled for India's capital markets in 2026, with subsequent expansion to land, gold, and cross-border assets.

The entity operates as a non-profit foundation under a digital public goods model — there is no commercial pricing, no licensing fees, and no disclosed funding rounds; activities are funded through institutional partnerships and grants. Revenue mechanics are non-existent in the traditional sense. The go-to-market combines enterprise field sales to central banks and large financial institutions with a community-led developer and contributor ecosystem (10+ technology partners, open GitHub and Discord channels, structured volunteer and fellow programs). Customer and partner segments include central banks and regulators, commercial banks, capital markets participants (brokers, exchanges, institutional investors, asset managers), SMEs seeking tokenized credit, and underserved individuals lacking access to formal financial services.

Name

Finternet

Legal name

Foundation for Interoperability in Digital Economy

Website

https://finternetlab.io

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Finternet is a non-profit foundation building open, programmable digital public infrastructure for tokenized finance based on the BIS unified ledger blueprint, offering unified ledgers, interledger protocols, and tokenization services to central banks, financial institutions, and underserved populations across four global labs in India, the US, Singapore, and Switzerland.

Ownership category

akta.pro rank

Product category

Digital Financial Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

akta.pro secondary industries

Tokenization, Network Vaults & Credential Management (FSAGABAF), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM), Open Banking APIs & Connectivity (FSAMAFAA)

Keywords

• Digital public infrastructure
• Asset tokenization
• Unified ledgers
• Programmable payments
• Financial interoperability

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Open Infrastructure / Public Good Model: Finternet is designed as open, programmable digital public infrastructure for digital finance. Finternet Labs is a non-profit core global technology and research hub, part of the global Networks for Humanity initiative. The organization appears to operate through grants, institutional partnerships, and collaborative funding rather than direct revenue generation. Work is grounded in public-purpose governance, technical openness, and user-centricity.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Finternet builds open, programmable digital infrastructure that interconnects financial ecosystems through unified ledgers and asset tokenization. Its core offerings include a Unified Ledger API/Services Layer, Interledger Protocol (UILP) for cross-ledger communication, multi-platform smart contract infrastructure, an Immutable Proof Store, and Programmable Payment Rails that embed compliance and rule-based logic directly into financial flows. The infrastructure is designed as universal digital public infrastructure for tokenized money and financial assets, currently deployed through reference pilots with central banks, commercial banks, and capital markets participants.

Product overview

Finternet is an open, programmable digital infrastructure platform that interconnects financial ecosystems, designed as a universal foundation for representing, exchanging, and governing tokenized financial value. The platform follows a modular architecture comprising core technology infrastructure (Core Architecture, Unified Ledger API, Smart Contract Infrastructure supporting Solana/Ethereum/Corda, Interledger Protocol, Immutable Proof Store, User & Identity Management, Schema Infrastructure, and Off-Chain Payments), developer tools (Sandbox Environments and Reference Implementations), live pilots (GLEIF Digital Identity, E-Liability Tokenization, Vivriti Capital SME Finance, and ADB Decentralized Identity), business tracks (Wallet & User Apps, Governance & Process, Incentives & Adoption Models, Legal & Regulatory), and the Programmable Payment Rails layer. The company is planning its first capital markets rollout in 2026, expanding to land, gold, and cross-border assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Finternet Core Infrastructure The foundational platform providing the core architecture for the Finternet, including object models, privacy, security, and interfacing with institutional ledgers, acting as the universal digital infrastructure interconnecting financial ecosystems.
• Unified Ledger API/Services Layer APIs and service layers that make core ledger functions accessible to developers, institutions, and other ecosystem participants, enabling programmable access to tokenized financial assets.
• Interledger Protocol (UILP) Protocol enabling seamless communication and transactions across diverse ledgers, acting as the connective tissue of the Finternet for cross-ledger interoperability.
• Smart Contract Infrastructure Runtime environments and program logic supporting programmable financial workflows on multiple platforms including Solana, Ethereum, and Corda.
• Immutable Proof Store Secure infrastructure storing verifiable execution proofs for all transactions, enabling auditability, user trust, and regulatory compliance.
• Programmable Payment Rails An infrastructure layer that turns static payments into intelligent, rule-based financial flows with rule-embedded payments, built-in regulatory logic, cross-rail connectivity, and enterprise-grade execution.
• Sandbox Environment A controlled environment (sandbox.finternet.dev) where regulated institutions and builders can explore, test, and validate programmable payment flows using pre-built templates, safe experimentation, and expert collaboration.

Quantifiable outcome

• Land registration timelines could shrink from weeks to under 7 days
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

16 partnerships are on record, tiered core and contributor.

• AvalanchecoreTechnology or Integration · 11 February 2026Finternet Labs partnered with Avalanche, a L1 blockchain firm, to launch a tokenized agricultural lending pilot. The collaboration aims to leverage blockchain technology for tokenizing agricultural loans, potentially increasing accessibility and transparency in rural lending. This pilot represents an intersection of fintech innovation and agricultural finance in India.
• E-Liability InstitutecoreStrategic or Co-development Partner · 1 April 2025MoU signed with E-Liability Institute to tokenize emissions data using the E-Liability method for real-time carbon emissions accounting through tokenized, verifiable disclosures. This is part of the global E-Liability Tokenization Pilot.
• GLEIF (Global Legal Entity Identifier Foundation)coreStrategic or Co-development PartnerGLEIF Digital Identity Pilot integrating verified Legal Entity Identifiers (vLEI) to streamline KYC/KYB processes and enhance trust across financial ecosystems globally.
• Vivriti CapitalcoreStrategic or Co-development PartnerVivriti Capital SME Finance Pilot in India: Tokenizing loan portfolios and trade receivables to improve liquidity and transparency for small and medium enterprises.
• Asian Development Bank (ADB)coreStrategic or Co-development PartnerADB Decentralized Identity Pilot in APAC region: Establishing decentralized identity infrastructure with the Asian Development Bank to support cross-border financial verifications.
• juspaycontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development alongside other technology providers in the collaborative network.
• SolanacontributorTechnology or IntegrationEcosystem partner contributing blockchain infrastructure for smart contract development. Smart contracts are implemented across multiple platforms including Solana, Ethereum, and Corda.
• availcontributorTechnology or IntegrationEcosystem partner in the Finternet collaborative network providing technology infrastructure contributions.
• 0xPARCcontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical development in the collaborative network.
• superteamcontributorTechnology or IntegrationEcosystem partner contributing to Finternet's collaborative network and technical infrastructure development.
• KarnotcontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development in the collaborative network.
• SanketikacontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development in the collaborative network.
• Silence LabcontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development in the collaborative network.
• RootVXcontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development in the collaborative network.
• RoobacontributorTechnology or IntegrationEcosystem partner contributing to Finternet's technical infrastructure development in the collaborative network.
• Foundation for Interoperability in Digital EconomycoreOthersThe Foundation for Interoperability in Digital Economy is the non-profit governing entity behind Finternet Labs. It operates as part of the global Networks for Humanity initiative working to make digital finance inclusive, trusted, and interoperable.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Fireblocks: Fireblocks provides digital asset custody, tokenization, and payment infrastructure for banks and financial institutions, including tokenized deposit and settlement workflows. It competes directly with Finternet in programmable payment rails and tokenized asset infrastructure for regulated institutions.
• Avalanche: Avalanche is an L1 blockchain firm that has built institutional tokenization tooling (including Evergreen subnets for capital markets) and is a Finternet partner on the February 2026 tokenized agricultural lending pilot. It is both a contributor to and competitor for the same tokenized real-world asset use cases.
• Polygon Labs: Polygon operates a major L2/EVM ecosystem with a dedicated Polygon CDK and tokenization tooling (including Polygon's AggLayer for cross-chain interoperability). It is one of the most prominent tokenization infrastructure platforms and a direct competitor for the same institutional tokenization and digital asset use cases Finternet targets.
• R3 Corda: R3's Corda is an enterprise distributed ledger platform purpose-built for regulated financial institutions, used for tokenized assets, capital markets, and interbank settlement. Corda is one of the three smart-contract platforms supported by Finternet and competes for the same institutional tokenization mandates.
• Fnality International: Fnality is a consortium of major banks building a unified, regulated payment system using tokenized commercial bank money for real-time cross-border settlement. It is one of the closest direct comparables to Finternet's programmable payment rails and BIS-aligned unified ledger architecture.
• Partior: Partior is a JPMorgan-, DBS-, and Temasek-backed cross-border settlement network using unified ledger technology for tokenized commercial bank money. It is the most direct private-sector analog to Finternet's unified ledger vision for cross-border payments.

Emerging players

• Solana Foundation: Solana is one of the three smart-contract chains on which Finternet's smart contract infrastructure is deployed. It competes with Finternet for high-throughput tokenization and payment-rail use cases while simultaneously being a key ecosystem partner.
• HQLAx: HQLAx operates a DLT-based collateral liquidity and settlement platform for securities lending among major banks. It targets the same institutional capital markets and cross-bank settlement workflows Finternet is bringing to India in 2026.
• Ondo Finance: Ondo Finance provides tokenized real-world assets (notably tokenized US Treasuries and yield products) and bridges traditional finance with on-chain infrastructure. It represents a competing approach to Finternet's tokenization vision for fixed-income and capital markets.

Broad incumbents

• Hyperledger Foundation: Hyperledger is the Linux Foundation's open-source umbrella for enterprise-grade DLT frameworks (Fabric, Besu, Indy). It serves as a broad, established open-source incumbent in the same regulatory-grade blockchain infrastructure space Finternet targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/finternet_org
• GitHubgithub.com/finternet-io
• LinkedInlinkedin.com/company/finternetlab

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finternet