Today Spanish firm Allfunds, the B2B fund distribution platform for wealth managers and banks, announced a new company, Allfunds Blockchain. Allfunds counts the likes of BNP Paribas and DBS as clients. Its primary platform Connect offers 90,000 funds from 1,700 organizations and has €620 billion ($730bn) assets under administration.
The company says it’s already testing the technology in private sandboxes with major financial institutions and will announce strategic agreements with companies in the sector in the coming weeks.
Allfunds also stated that its exploring projects with companies that are outside the financial sector.
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.
