Yesterday blockchain fund distribution platform FundsDLT said it completed a proof of concept with UBS Asset Management (UBS AM). The end-to-end trial included onboarding investors and the transaction life cycle from initiation to settlement and transfer agents.
FundsDLT’s purpose is to streamline the distribution process, cutting costs through automation and efficiencies.
“We see technology as a differentiator and innovation as foundational. We are constantly seeking to leverage emerging technologies to provide the best services and products to our clients,” said Patric Huber, Head of Product Strategy at UBS AM.
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