Allfunds unveils blockchain firm

Pedro Gonçalves
clock • 1 min read

Spanish firm Allfunds, the B2B fund distribution platform for wealth managers and banks, is introducing blockchain technology to increase fund distribution capabilities. The company says it's already testing the technology in private sandboxes with major financial institutions and will announce strategic agreements with companies in the sector in the coming weeks. Juan Alcaraz, CEO Allfunds, said blockchain technology is known to deliver greater transparency, enhanced security, improved traceability, increased efficiency and speed of transactions. "Blockchain technology is known to...

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