BNP Paribas tests tokenised Money Market Fund with DLT infrastructure
The securities services arm will support the cross-border pilot with blockchain-based order execution.
The securities services arm will support the cross-border pilot with blockchain-based order execution.
Mandate supports Future Growth Capital’s private markets push for UK pension schemes.
Collaboration aims to streamline distribution of alternative investment products through digital platform.
The solution will allow asset managers to access blockchain ecosystems and reach a growing class of investors operating exclusively within these networks.
The integration is expected to accelerate account setup, reduce manual workflows and improve fund distribution efficiency.
This week’s fund services round-up features Ultimus, Citco, Alter Domus, STP, Maples and Calder, Arrowpoint Investment Partners, Zedra and PACT Capital.
The solution aims to reduce costs and time to market for investment managers.
Citco Fund Services’ head of middle-office solutions, Ryan Fitzgerald, discusses the reasons behind the outsourcing trend, and the fundamental role that data now plays for market participants.
Some 97% of asset management professionals report a strong or moderate interest from retail investors in private funds.
The transaction for the fund administration software unit is subject to the satisfaction of customary closing conditions and is expected to be completed in Q2.