Clearstream, Natixis Investment Managers, Credit Suisse Asset Management and the Luxembourg Stock Exchange (LuxSE) have announced a joint investment in the rollout of a new distributed ledger technology (DLT)-based platform for investment fund distribution initiated by the LuxSE affliate Fundsquare. Digital distribution of Credit Suisse Asset Management investment products in the future can thus take place via exchange-traded funds or via the new DLT-based platform.
The investment decision was made after a successful trial run on the prototype platform. The new platform is called FundsDLT. The name says it all: it’s all about investment fund distribution with the aid of DLT.
FundsDLT aims to streamline a range of fund administration and order-routing tasks by using distributed ledger technology to automate multiple processes in a secure manner. Find out more about FundsDLT in the Video.
Cheaper, faster and more transparent
The platform reengineers the fund distribution value chain and supports every step in the distribution process. FundsDLT eliminates redundancies, thus enabling actors in the value chain to cut costs.