Natixis Asset Management has become the first asset manager to complete live share distribution via a blockchain-based fund distribution platform known as FundsDLT.

“The successful execution means that, for the first time in the fund industry, investors are using a blockchain based platform to purchase real funds’ shares with real cash,” Natixis said.

The new platform has been developed by Luxembourg Stock Exchange subsidiary Fundsquare, POST Group subsidiary InTech and KPMG Luxembourg.

FundsDLT is applicable to different types of funds irrespective of jurisdiction. Natixis said that the platform lowers administration costs “significantly” and the time to process transactions.

The platform also streamlines multiple fund administration and order-routing tasks by leveraging blockchain, the asset manager stated.

InTech CEO Fabrice Croiseaux said: “We have developed a flexible and efficient API dedicated to the fund industry by using state-of-the-art technologies: a combination of blockchain and a microservice-based reactive platform. We look forward to see how far we can go in terms of performance and real time interoperability.”

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

Tick here to opt out of curated industry news, reports, and event updates from Private Banker International.

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.

Fundsquare managing director Olivier Portenseigne added: “It was important for us to demonstrate that FundsDLT works in order to create the necessary trust that blockchain will answer the current needs of the asset management industry in terms of operational efficiency and digitalization. This will give our customers easy access to a powerful new generation of services.”