KPMG is involved in the development of the chain chain to support the distribution of funds into reality


nnnnRaiders Comment: FundsDLT, developed by the KPMG Luxembourg office, Fundsquare (affiliated institutions of the Luxembourg Stock Exchange) and InTech (a subsidiary of the POST group), have helped investors to purchase funds. It is reported that the platform enables asset managers to sell funds directly to investors, thus greatly reducing the cost of management and processing transactions required time.n
nnTranslation: Clovern
nInvestors in the fund industry for the first time successfully through the fund manager’s chain chain platform to buy real fund shares.n
nThe platform is called FundsDLT, developed by the KPMG Luxembourg office, Fundsquare (affiliated institutions of the Luxembourg Stock Exchange) and InTech (a subsidiary of the POST group).n
nThe FundsDLT platform enables asset managers to sell funds directly to investors, significantly reducing management costs and the time it takes to process transactions.n
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nA few seconds to complete the transactionn
nThe order is submitted directly to the FundsDLT Smart Contract Platform, and the block chain technology is used to transfer the information to the parties involved in the transaction.n
nIn addition to shortening the management time, the platform greatly simplifies the compliance process, so that customers no longer need to verify the relevant parties. This means that the time between the decision maker and the transfer agent who makes the decision can be shortened to just a few hours, and in the near future it will be shortened to a few seconds.n
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nReshape the industryn
n”This is a significant breakthrough in the verification of the block chain as a technology to achieve fund trading, and it also has the ability to reshape the investment industry and bring important business benefits to industry participants,” said Eamonn Maguire, global head of KPMG Digital Bookkeeping Services.n
nThe first fund to buy through FundsDLT is Natixis Asset Management Fund, a subsidiary of Natixis Global Asset Management, which has announced its intention to become the first asset management company to use the FundsDLT platform, using block-chain technology to Distribution of business lines.n
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nThe next stop, the Asia Pacific regionn
nThe project paves the way for asset management companies outside the European market, including North America and the Asia-Pacific region, which can use block-chain technology to explore other options and thus benefit from the FundsDLT approach.n
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nWhether the exchange is readyn
nWith regard to the impact on stock exchanges, Chia Tek Yew, head of financial advisory services at KPMG in Singapore, argues that it is no longer a question of whether a fund transaction can be implemented entirely on a chain chain, but a stock exchange The reality.n
nChia said:n
nn”The role of the exchange as a clearing and clearing participant and the fund custodian in the marketplace will change, and the program that evolves its business model based on this development should not be done and should be developed.”n

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