Allfunds Blockchain has partnered with boutique asset manager La Française Group (€45bn AUM). Together they aim to reduce the cost of international fund distribution to professional investors. By operating a node on the Allfunds Blockchain network, La Française can receive and process orders directly. It expects to go live in the first quarter of 2024.
As a shared ledger, the relevant participants have greater transparency in the distribution process, and it will ultimately reduce costs. Additionally, it should provide more accurate cut-off times and better reporting.
“This partnership marks a first step in La Française’s overarching strategy to associate technology and asset management,” said Christophe Descohand, Head of Innovation of La Française AM Finance Services. “As such, we will be capable of offering improved operational processing at a reduced cost to our clients.”
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