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FundsDLT
While many blockchain startups fell down in recent years by operating as a ‘ solution looking for a problem ’, FundsDLT has succeeded in operating in the complete opposite way . A decentralised technology platform for the distribution of funds , the FundsDLT project was initiated in 2016 and is owned by
Clearstream , Credit Suisse Asset Management , the Luxembourg Stock Exchange and Natixis Investment Managers . The blockchain outfit has intelligently targeted fund distribution , an area ripe for innovation and new technologies , and is planning to reduce administrative tasks , manual processes and the time to process transactions . In a bid to benefit asset managers , distributors and asset servicers FundsDLT is looking to reduce costs by removing redundant activities while providing the opportunity to achieve necessary transparency on end investors and create the foundation for digital fund distribution , enabling asset managers to sell funds through a new distribution channel , while significantly reducing administration costs and the time to process transactions . The firm is using blockchain , cloud and APIs to achieve its goals and has conducted a number of tests and transactions as it looks to reduce transaction processing time down from several hours to a few minutes . In 2021 , UBS Asset management successfully concluded a proof-ofconcept pilot that aimed to explore
ELEVATOR PITCH
Reconnecting investors and asset managers by helping intermediaries to digitise fund distribution operations through a market infrastructure based on distributed technologies . a front-to-back blockchain-based investment fund distribution model . The pilot covered and simulated the entire distribution process , starting with investor onboarding , transaction initiation up to settlement and transfer agency . On FundDLT ’ s blockchain-based platform , all parties involved had realtime transparency on the straight-through transaction including real-time reporting and status updates . As a result , the pilot confirmed the viability of a blockchain-based distribution model and , in general , the advantages of digital distribution of investment funds . Elsewhere , companies including Zürcher Kantonalbank ( ZKB ), BNP Paribas Asset Management and Credit Suisse Fund Services have used FundsDLT for end-to-end fund transactions . While the past 12 months have been quieter from an announcement perspective than some of the other fintechs in this list , as the industry embraces the concept of tokenisation of investment funds and the search for efficiencies and cost savings becomes ever more pressing , FundsDLT could play a major role in the transfer agency and fund distribution models of the future .
Notable partners and collaborators : Clearstream , BNP Paribas Securities Services
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