Luxembourg (Europe)

FUNDCHAIN Initiative: Investigating the potential benefit of Blockchain to the Luxembourg fund industry
Press Release - Luxembourg, October 6, 2016
Scorechain, the Luxembourg-based company has announced today the constitution of an innovative group of 10 key players of the Luxembourg fund industry to explore Blockchain technology’s impact on the asset management industry.

Ten founding members representing major financial institutions including BIL, BNP Paribas, CACEIS, European Fund Administration, HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, Société Générale Bank & Trust, and Professional Services firm PwC Luxembourg have joined forces with Scorechain.

The initiative called Fundchain, began in the summer and explores how Distributed Ledger Technology may help the fund industry improve efficiency and create new business opportunities. For Pierre Gérard, CEO of Scorechain “As any Blockchain initiative the network effect is the main key to success. We aim to move beyond slideware and begin developing prototypes to test their integration within existing infrastructures. We have already identified several use cases in the fund distribution and asset servicing industry that could be interesting topics.”

 

Learn more / En savoir plus / Mehr erfahren:

 

http://www.scoop.it/t/luxembourg-europe/?tag=Blockchain

 

http://www.scoop.it/t/luxembourg-europe/?tag=Scorechain