The news comes after the asset manager announced its intention to be the first asset management
\nplayer in the industry to use the FundsDLT platform by using blockchain technology across several
\nof its business lines, taking advantage of great opportunities to enhance distribution mechanisms in
\nthe asset management industry.<\/p>\n
FundsDLT is the result of collaboration between Fundsquare (a subsidiary of the Luxembourg Stock The successful execution means that, for the first time in the fund industry, investors are using a The cash and payment process was handled using S-money (part of Groupe BPCE). Investors Said Fihri of KPMG Luxembourg explains: Olivier Portenseigne, Managing Director of Fundsquare, comments: Arnaud Misset, Group Product Director at CACEIS comments: Fabrice Croiseaux, CEO of InTech, adds: Matthieu Duncan, CEO of Natixis Asset Management concluded: With the successful completion of the first transactions, the team is looking to investigate other use Natixis Asset Management, a leading affiliate of Natixis Global Asset
\nExchange), InTech (a subsidiary of POST Group) and KPMG Luxembourg. The platform is being
\ndeveloped to enable asset managers to sell funds through a new distribution channel, while
\nsignificantly reducing administration costs and the time to process transactions for both asset
\nmanagers and other asset servicers.
\nFundsDLT will streamline a range of fund administration and
\norder-routing tasks by using blockchain to automate several processes in a secure manner. The
\nmodel is applicable to a wide range of funds and does not depend on the jurisdiction.<\/quote><\/p>\n
\nblockchain based platform to purchase real funds\u2019 shares with real cash. First, the investors use the
\nFundsDLT mobile app to submit the standard subscription order for the shares. Via the API the order
\nis transmitted to the FundsDLT platform and the information is immediately and simultaneously
\ntransmitted using blockchain technology to Natixis AM and the other parties involved in the
\ntransaction, each one having its own node on the FundsDLT blockchain. The transfer agent \u2013 in this
\ncase CACEIS \u2013 is the first to act by confirming the transaction and logging it as \u201capproved\u201d or
\n\u201cdeclined\u201d. Approval triggers the clearing and settlement processes: all of which take place on the
\nFunds DLT platform. This change in the distribution chain marks a real revolution for distribution
\nactivities.<\/p>\n
\ntopped up their S-money account with sufficient funds to cover the transaction before completing the
\norder. S-money APIs were a major contributor to this success, as they allowed for the movement of
\nmoney via state-of-the-art technology. This real transaction has paved the way for a new financial
\nservices model. <\/p>\n
\n\u201cIt is really exciting to be part of such a tremendous step forward. We not only replicated trades in
\nthe blockchain; we moved real cash and invested in a real fund. We are close to having an industrial
\nproduct that could be used in different configurations: distributors, IFA, robo advisors and D2C.\u201d<\/em><\/p>\n
\n\u201cWe are proud to have run the first real blockchain transactions in the history of investment funds. It
\nwas important for us to demonstrate that FundsDLT works in order to create the necessary trust that
\nblockchain will answer the current needs of the asset management industry in terms of operational
\nefficiency and digitalization. This will give our customers easy access to a powerful new generation
\nof services.\u201d<\/em><\/p>\n
\n\u201cWe are delighted to have contributed to the launch of this new Distribution Platform in Luxembourg
\nbuilt on blockchain technology and to have enabled our client Natixis Asset Management to be the
\nfirst asset manager to distribute their funds range via FundsDLT.\u201d<\/em><\/p>\n
\n\u201cWe have developed a flexible and efficient API dedicated to the fund industry by using state-of-theart
\ntechnologies: a combination of blockchain and a microservice-based reactive platform. We look
\nforward to see how far we can go in terms of performance and real time interoperability.\u201d<\/em><\/p>\n
\n\u201cNatixis Asset Management is delighted to have contributed to this pioneering first blockchain
\nenabled trade via the FundsDLT platform. We believe the potential for blockchain technology to
\nenhance distribution mechanisms in the asset management industry is very significant.\u201d<\/em><\/p>\n
\ncases and applications in the field of B2B and B2B2C. <\/p>\n","protected":false},"excerpt":{"rendered":"
\nManagement, has revealed that investors have successfully purchased shares in Natixis AM\u2019s funds
\nthrough the blockchain-powered fund distribution platform for fund managers, FundsDLT.<\/p>\n","protected":false},"author":20,"featured_media":64309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,2007,2210,1678],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/64311"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=64311"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/64311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/64309"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=64311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=64311"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=64311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}