EXCHANGE & TRADING PARTNERS
SimpleFX
ANX Intl
OneHash
OpenLedger
Evolve Markets
Changelly
Latest News

BNP Paribas and AXA partner for blockchain-based fund distribution platform

BNP Paribas announced today that its working with AXA Investment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers.

The French bank says the new Fund Link platform will speed up the on-boarding process for both fund buyers and asset managers and improve the process of buying and selling funds through the use of embedded business rules and shared information across the full length of the distribution chain.

The digital platform, which is initially being co-designed with input from AXA, will also host analytical tools to help investors explore fund data to compare and select funds, and fund managers to fine-tune their distribution.

Joseph Pinto, COO at AXA IM, believes the technology will create operational efficiencies in an increasingly competitive market environment where pressure on fees keeps rising. He said, “The new technologies used by this platform can significantly enhance our fund distribution process and ensure we are well placed to meet the continued regulatory demand for increased transparency.”

Jean Devambez, head of product and client solutions, Asset and Fund Services, at BNP Paribas Securities Services, welcomes AXA’s support for the project, which he says should help the fund manager meet the demands of new regulations, such as MiFID II, which will demand higher levels of transparency around the fund sales process.

“It is very important for us to co-design the solution with clients and we are delighted to have AXA IM on board,” he says, adding that the project will be opened to other clients in the near future.

The first functionalities of the new platform are expected to be released before the year is out.

Source:BNP Paribas

FEATURED TOKEN SALES

20 Sep 2017 - 10 Jan 2018

GoldMint

GoldMint is a blockchain-based platform that uses GOLD digital assets, which are 100% backed by physical gold or exchange-traded funds (ETF). This means that one GOLD costs the same as one ounce of gold on the LBMA exchange.

View Details

02 Oct 2017

B2BX

B2BX is a multifunctional system, which is an aggregator of cryptocurrency liquidity for marginal trading and liquidity distributor for brokerage companies.

View Details

08 Oct 2017 - 08 Nov 2017

Modex

Modex is a Smart Contract Marketplace that bridges the gap between developers and end users to bring the benefits of blockchain to the real world.

View Details

14 Oct 2017

Worldcore

Worldcore was already known as a successful payment institution when Ethereum was created. Since its launch, Worldcore has started offering a wide range of payment products, won awards and opened its virtual doors to thousands of customers worldwide.

View Details

Leave a Reply

Be the First to Comment!

Notify of
wpDiscuz
Ledger Wallet protects your bitcoins