FNZ launches blockchain infrastructure for asset managers

The group called the project 'FNZ ChainLink', which it said would leveraged blockchain technology to replace thousands of copies of transactions and holdings that "plague" the managed fund industry. FNZ said it did this with a single, secure, verifiable source of ‘the truth', universally accessible by all parties, adding the move would reduce cost, complexity and risk in back-office operations. The new infrastructure went into production in March 2019, initially with funds from Equity Trustees, Host Capital and Tutman distributed via the Aviva UK IFA and D2C platforms. FNZ ChainLin...