FundsDLT
HQ Address
35A, Boulevard Joseph II, L-1840 Luxembourg, Luxembourg
Website Address
Relevant Regions
Business introduction
Digitalized access to investment funds through a blockchain-based platform
Helping intermediaries to streamline fund distribution processes
Today, the fund distribution process is very fragmented, with a diversity of actors who do not cooperate effectively and who duplicate the same data and operations. Furthermore, the information and data at any point of the distribution chain is not necessarily communicated to the others. Such an operating model generates avoidable costs and is not efficient.
In response to this, FundsDLT has created a decentralized blockchain-based infrastructure allowing all actors to interoperate with asset managers directly. By leveraging the same infrastructure, information can be more effectively shared from one end to the other.
The mission of the company is to make the buying and selling of fund shares easier, cheaper and faster. Wealth managers can thus take advantage of value-added service channels and offer enriched investor experience.
- Faster, smoother, frictionless investor onboarding
- Improved process speeds for distribution and investment
- Increased transparency and reduced costs
The infrastructure, built on a private blockchain, is available to all, including distributors, depositary banks, transfer agents and wealth and asset managers. Working via a single infrastructure permits them to share, process and reconcile information. All actors can carry out their operations and assume their responsibilities from the same source of information. We remove all redundant activities thus saving time, creating efficiency and significantly reducing costs.
The FundsDLT project began in 2016 and in 2020 was backed by four major financial services companies: Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange and Natixis Investment Managers.
Beewise by Azimut Investment: a Next-Gen D2C Fund Distribution Solution, Powered by FundsDLT
Digital Platforms & Tools, Distributed Ledger Technologies & Cryptocurrencies, Investment Platforms & Tools, Market & Business Infrastructure, Trading & Back Office
21/08/2022
Transforming investment fund distribution: FundsDLT
Client Marketing & Prospecting, Digital Platforms & Tools, Distributed Ledger Technologies & Cryptocurrencies, Market & Business Infrastructure
12/08/2020
Business Overview
FundsDLT has been focused on building and running a completely re-engineered infrastructure for the investment fund industry, and in particular for funds distribution, since 2016.
Built for and with the market
At that time, three companies in Luxembourg, Europe’s large fund centre, came together to explore ways that distributed ledger technology could improve and enhance the workings of the fund distribution chain, as well as to reduce costs.
This group was composed of an advisory expert (KPMG Luxembourg), an IT company (InTech) and a fund market infrastructure (Fundsquare). It was joined by a large user group of fund companies that advised on the prototypes.
The mission of FundsDLT is to:
- Increase industry efficiency, in particular operational efficiency
- Provide high levels of transparency to all actors
- Enable digital distribution
- Harmonise operational processes across fund domiciles.
What we offer
FundsDLT aims to fulfil this mission by:
- Offering a frictionless and shared technology, so as to mutualise commoditised activities and provide transparency for all investment fund actors
- Offering industrial solutions with a view to co-creating new products and services that help to reduce costs and create value for all actors
- Enhancing the value proposition by digitizing all fund distribution processes and by easing access to products (with digital onboarding, enhanced compliance and so on).
Core services offered by the company are account management, order management, cash settlement automation and reconciliation, API interoperability and real time reporting and analytics.
It also works with partners to offer specific services related to KYC for investor onboarding and fund data.
Exceptional expertise
In 2020, it was boosted by significant investment from four important companies: Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange and Natixis Investment Managers.
The team today comprises experts with a long experience in a number of key areas. These include the creation and maintenance of financial services infrastructure, IT services in the financial sector and investment fund distribution.
Customers
FundsDLT offers products and services for both the buy side and the sell side, covering the funds' entire life cycle and with a strong focus on asset managers and their relationships with intermediaries and, most importantly, end investors.
Asset managers use FundsDLT to provide more value to their clients through data usage and digitization. In the same way, asset servicers looking for cost reduction and the ability to create new added value products (via, for example, data analytics, digitalization or robo advisors) will find the DLT infrastructure particularly useful.
Working together with asset managers, distributors and platforms seeking to reduce costs and digitalize investment process are also targeted. Finally, retail investors will benefit from a better user experience, as well as from cheaper and more adequate products.
Key Data
Year founded
2020employees
11-50offices
1Type of Clients
- Asset Managers
- Bank Wealth Managers
- Digital Wealth Manager
- End Private Clients
- Financial Advisors
FundsDLT Solutions
FundsDLT Platform Solution
FundsDLT Platform Solution for wealth managers FundsDLT provides a shared platform built on distributed ledger technology. It aims to generate efficiencies, transparency and better client experience all along the investment fund distribution chain. Wealth managers can streamline a range of tasks by using the FundsDLT blockchain to automate processes in a......
business needs
- Digital Platforms & Tools
- Distributed Ledger Technologies & Cryptocurrencies
- Investment Platforms & Tools
- Market & Business Infrastructure
- Trading & Back Office
