Today FundsDLT announced that it has struck a deal with Standard Chartered which will use its blockchain software to offer fund transfer agency services. Standard Chartered will initially target asset managers in the Middle East and North Africa.
FundsDLT was founded by the Luxembourg Stock Exchange and acquired by the Deutsche Börse Group in August. It has developed a transfer agency and fund distribution platform.
The key benefits of the software are efficiency and cost reductions. It enables asset managers, distributors and client investors to share data in a permissioned fashion. Additionally, it supports real-time cash collection.
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