BNP Paribas & AXA to develop blockchain-based fund distribution platform

posted about 1 year ago
BNP Paribas is working with AXA Ivestment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers. The French bank says the new Fund Link platform will speed up the onboarding process for both fund buyers and asset managers and improve the process of buying and selling funds through the use of embedded business rules and shared information across the full length of the distribution chain.

The digital platform, which is initially being co-designed with input from AXA, will also host analytical tools to help investors explore fund data to compare and select funds, and fund managers to fine-tune their distribution.

The first functionalities of the new platform are expected to be released before the year is out.
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