FundsDLT: birth of an Ethereum blockchain for investment funds

US, WASHINGTON (ORDO NEWS) — Financial players, including Clearstream, Credit Suisse and Natixis, are joining forces around FundsDLT, a blockchain dedicated to the investment fund industry. A fundraiser was carried out to finance the decentralized platform based on Ethereum.

The finance remains the breeding ground for the creation of consortia blockchain, such as in the area of trade finance. Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange and Natixis Investment Managers are however targeting a more specific market.

The partners have indeed announced a fundraiser (Serie A) to finance FundsDLT, a blockchain- based technology company and platform for the investment industry. For FundsDLT, this is a new step.

Management of the entire life cycle of funds

The startup has so far been incubated by the Luxembourg Stock Exchange and its subsidiary Fundsquare. The arrival of investors from the world of finance will allow it to enter a phase of marketing the platform.

FundsDLT is based on a permissible blockchain based on Ethereum, which is therefore supposed to meet the confidentiality and performance challenges of investment players. The platform meets the needs of this industry: Reengineering the value chain of fund distribution and covering the entire life cycle of funds.

Platform enables asset managers, distributors, asset service providers and the entire supply chain to reduce costs by eliminating redundant activities, while providing the opportunity to achieve transparency necessary on the end investors and to create the bases of the digital distribution of funds,” detail the shareholders.

A new generation of market infrastructure

For Natixis director of operations , Joseph Pinto, FundsDLT is particularly involved in the digital transformation of the sector. Blockchain also has the advantage of meeting the challenges of transparency and speed expected in investment management

If FundsDLT now has international finance partners on its management committee, the objective remains for the company to develop its clientele and more broadly its ecosystem.

Olivier Portenseigne, CEO of Fundsquare, welcomes the deployment of a “new generation of market infrastructure” and invites other fund managers, distributors and asset management players to join the platform.


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