BNP Paribas Asset Management Announces Successful Blockchain Test

[kreslik.news]

BNP Paribas Asset Management, the autonomous asset management business of BNP Paribas, has successfully completed a test of its own blockchain, according to a company press release.

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The company’s blockchain programme is called FundsDLT, or Fund Link. It is a system designed for transaction processing, developed in collaboration with Fundsquare, InTech and KPMG Luxembourg.

The test demonstrated that the new system can connect with other blockchains by completing an end-to-end fund transaction. The whole process was completed on the blockchain, from delivering the money to processing the trade.

The system has ... (read more)