Typically investment funds involve up to three parties: the retail investor, the distributor and the asset manager. Today
FundsDLT announced that Banco Best, the Portuguese investment distributor, and Credit Suisse Asset Management processed live end-to-end fund transactions on its blockchain-based platform.
As with all blockchain applications, one of the benefits is transparency so that the distributor, the asset manager and the client have the same view of transactions. The other claimed benefits are improved efficiency, scalability and faster processing.
The FundsDLT platform is a Fundsquare product. The Luxembourg Stock Exchange subsidiary provides fund order routing and information services. Other participants in developing the platform are Luxembourg IT company InTech and KPMG as an advisor.
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