LaSalle Investment Management has partnered with blockchain-based funds solution provider RealBlocks. With $77 billion in funds under administration, LaSalle is the asset management subsidiary of real estate firm Jones Lang LaSalle.
RealBlocks offers a white label solution to asset managers and fund distributors in the alternative investment space. Its offering is an end-to-end solution starting with investor onboarding and ending with all aspects of secondary market trading and transfer. Only some parts of its solution use blockchain. We chatted with CEO Perrin Quarshie to find out more.
In this particular case, LaSalle is not yet adopting the secondary market solution. Instead, it uses investor onboarding, KYC and AML, and eSigning of documents. Initially, LaSalle was interested in RealBlocks for retail investors, but it ended up using it for institutions as well. It also deployed it for a global employee co-investment program.
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