This week Societe Generale Forge announced the teams selected for its second CAST Challenge Hackathon. The event will explore blockchain and tokenization with Union Investment as a surprise participant. It is one of the top German asset managers with €424 billion in assets under management.
Big French asset manager AXA Investment Managers (AUM €842 billion) is also involved but as a judge alongside ABN AMRO, AXA Investment Managers, Banco Santander, Credit Agricole CIB, and VISA. We’ll return to the asset management angle.
The two tasks for the hackathon are to explore on-chain settlement as delivery versus payment, and to develop smart contracts that use standards developed by ISDA, ISLA, ICMA, and ANNA.
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