According to CryptoSlate, financial technology company Ivno announced that it has successfully completed the world's first global token test on R3's Corda. It is reported that the trial was conducted on Microsoft Azure, and 28 organizations (including Deutsche Bank, Raiffeisen Bank, Itaú Unibanco and National Bank of Canada) created a $18 billion trial token and moved it over the Ivno network. This proves the use of tokens in real-time settlement and collateral management. Ivno co-founder Daniel Halstead said the success of the trial meant that Ivno's real-time service will be available in the first quarter of 2020. Marin Karaga, head of the blockchain center at Raiffeisen International, said that once products and services such as Ivno go online, liquidity management "will enter a new era."