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BNP Paribas Completes Fund Distribution Blockchain Test

BNP Paribas Completes Fund Distribution Blockchain Test

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EuropeFintechNews Roundup
··1 min read

BNP Paribas Asset Management was able to complete a fund distribution test using blockchain technology; the test used BNP Paribas Securities Services’ blockchain programme, Fund Link and FundsDLT; as AltFi reports the test was able to show Fund Link connecting to other blockchains and the transaction completed each part of the fund trade process, from order delivery to trade processing; this continues a trend from BNP Paribas Asset Management as they have also launched a specialist fund for fintech investment and began updating their legacy technology. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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