Today Euroclear announced it is making a strategic investment in IZNES, the blockchain-based fund administration platform. Blockchain firm SETL and several French asset managers founded IZNES in 2017. Its platform allows institutional investors to interact directly with investment managers for the issuance and redemption of UCITS funds, with the blockchain providing the fund register.
Euroclear is one of several big names that have an interest in IZNES. It has ten shareholders mainly made up of asset managers, including Rothschild & Co, Generali, and SocGen Private Banking. Plus it has numerous high profile users such as Allianz, Aviva Investors, BNP Paribas Asset Managers and HSBC.
While IZNES started as a strictly institutional play, it has rolled out a B2B2C offering. Last year it partnered with a management firm to support intermediated distribution for consumer investors.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
