New York-based investment manager AllianceBernstein (AB) has forged an alliance with Allfunds Blockchain to adapt its asset services activities to the blockchain ecosystem.

As part of the tie-up, AB will integrate its global operational activity with the Allfunds platform to Allfunds Blockchain.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This will enable the firm to offer Allfunds Blockchain solutions across its EU domiciled-global platform.

The partnership is said to follow a “deep exploration of blockchain technology” across multiple departments at AB in partnership with Equitable Holdings.

AllianceBernstein Investment Innovation Center head Ronit Walny: “We anticipate that this technology will be transformative to the asset management industry, uncovering significant transactional efficiencies and enhanced transparency as well as operational agility that makes investment solutions available to a broader investor base.

“We are committed to delivering solutions that our clients prefer today and in the future Allfunds Blockchain brings extensive fund industry experience and insightful and integrated solutions, and we look forward to partnering with them in our journey to offer solutions across our EU domiciled global-platform.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Allfunds Blockchain, the blockchain technology unit of fund distribution platform Allfunds, integrates blockchain technology into funds to enhance operational processes in the fund industry value chain.

Commenting on the partnership, Allfunds Blockchain managing director Rubén Nieto said: “We are very excited to collaborate with one of the leading global asset management firms and deliver our bespoke solutions to such a renowned household name like AB.

“This emphasises our clear strategy to team up and help to understand the incredible benefits of the technology and our value proposition to all the actors of the fund industry. It is about the future of the industry vs. the industry of the future.”

Last year, Ethereum software firm ConsenSys partnered with Allfunds Blockchain to streamline the fund distribution value chain.