Last week an Allfunds fund tokenization project was accepted into the first Spanish regulatory Sandbox alongside at least seven other blockchain projects.
The new Sandbox is a three-way effort between the Banco de España, stock market regulator CNMV, and the Directorate General of Insurance. The Allfunds project was one of 18 admitted to the Sandbox out of 67 applicants.
Blockchain is being used to tokenize fund shares and hence for the issuance, management and distribution of investment funds.
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