Only a year ago Blockchain within the Asset Management industry was a fairly new concept. Now, the idea of this technology covering the full life-cycle of transactions is a definite reality. The prospect of the industry embracing this has the potential to radically reduce costs and simplify trade processing.
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Blockchain successfully tested in sale of mutual funds
Calastone, the technology company, said it had successfully used blockchain to buy and sell mutual funds under test conditions, in a move that could help spur a revolution in the asset management industry by cutting costs and improving efficiency.
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