Financial institutions team up to develop FundsDLT, a groundbreaking blockchain-based platform for the investment fund industry

fr en de

Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers join forces to launch FundsDLT, a blockchain-based technology platform for the investment fund industry.

<< Back
19/03/2020 |
  • 2015 06 09 Bourse-PG-1

Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers have announced a Series A investment in FundsDLT to develop a novel decentralised technology platform to facilitate the distribution of funds based on distributed ledger technology (DLT). This move marks a major milestone in the evolution of FundsDLT, originally
initiated and incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare.

FundsDLT is built using permissioned blockchain technology based on Ethereum, that ensures privacy and high performance. FundsDLT enables the reengineering of the fund distribution value chain, from front to back, covering the entire fund lifecycle.
The platform allows asset managers, distributors, asset servicers, and the entire supply chain to reduce costs by removing redundant activities, while providing the opportunity to achieve necessary transparency on end investors and creating the foundation for digital fund distribution. The Series A funding will strengthen the FundsDLT platform and accelerate its commercial development.

“The launch of FundsDLT is an important step toward our shared goal of promoting the adoption of blockchain and digital assets across the financial industry. The Luxembourg Stock Exchange has played a catalysing role in this development, and it is exciting to see the expanding ecosystem around FundsDLT,” stated Robert Scharfe, CEO of the Luxembourg Stock Exchange.

Olivier Bouteille, Chief Information Officer of Natixis Investment Managers, commented: “The digital transformation poses some of the greatest challenges and opportunities for the investment management industry today, and blockchain can play an important role. We believe it is critical for the investment management industry to increase transparency and improve operations rapidly. FundsDLT will help us achieve these objectives and will, in turn, allow us to provide an enhanced experience for investors by leveraging blockchain technology.”

Philippe Seyll, CEO of Clearstream Banking S.A., explained: “FundsDLT is an international initiative that streamlines a number of activities along the fund distribution value chain and has the potential to reduce costs for the benefit of investors across fund and investor domiciles. This investment is a critical step in our digital strategy and will complement and strengthen our current Vestima offering.”

Michel Degen, Head of Credit Suisse Asset Management Switzerland and EMEA, said: “We continuously seek to ease the access to our products for clients. As part of our digitalization journey, we consider FundsDLT as a further powerful lever to increase efficiency but also to create new distribution channels, enabling considerable benefits for both clients and asset managers.”

Olivier Portenseigne, Managing Director of Fundsquare, added: “This partnership reflects the growing demand in the market for a platform that removes barriers for accessing investment funds. FundsDLT is a project that has the potential to change fund distribution and bring substantial benefits to the entire ecosystem. We look forward to working with our partners on the rollout of this new generation of market infrastructure and invite further fund managers, distributors, and other parties in the
asset management industry to join us.”

Back to top  | << Back

Communiqués liés

Nucleus Holdings
30/03/2020

Photonike Capital SA – Nucleus Holding II SCS: new acquis...

Photonike Capital SA (Euronext Access Symbol: MLPHO - Brussels) and Nucleus Hold...

Nucleus
Dentons

Dentons sort l’édition 2020 de son guide ‘Investing in ...

À l'aube d'une nouvelle décennie, les forces qui façonnent le secteur europé...

Dentons
Kleos Scouting Mission artwork -source Kleos Space
26/03/2020

Kleos Space procède à une nomination clé pour le dévelop...

Kleos recrute un colonel retraité de l'US Air Force pour soutenir la croissance...

Kleos Space S.A.
Grant Thornton Luxembourg covid 19 (2) (002)
26/03/2020

Grant Thornton conseille gratuitement les entreprises impact...

Les entreprises peuvent contacter la Helpline Grant Thornton au +352 20 80 01 51...

Grant Thornton
EFA Press release (Feburary 2020)-1
26/03/2020

REINO Capital and RF CorVal choose EFA for the Central Admin...

Luxembourg-based REINO RF CEE Real Estate Fund, formed as part of a strategic co...

EFA
Besix Red
25/03/2020

BESIX RED continue à concevoir vos projets de demain

Ensemble avec le Groupe BESIX, BESIX RED soutient pleinement les mesures prises ...

Besixred Luxembourg S.A,

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more