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Really interesting piece in today's @FT by @chrisflood_FTfm about how the @InvAssoc believes that using blockchain and digital ledgers would cut administration costs for asset managers. We agree.
Subscription required: ft.com/content/b29b8e…
Some highlights... 🧵
Subscription required: ft.com/content/b29b8e…
Some highlights... 🧵
"Britain’s asset management industry is pushing the government to establish a new class of fund employing blockchain technology. The @InvAssoc, will call for the government to work 'at pace' to approve #blockchain-traded funds that will issue digital tokens to investors."
"Significant cost savings for end investors could be achieved by using the #DigitalLedgers known as #blockchain, to drive multiple efficiency improvements in the existing laborious processes involved in buying and selling mutual funds, according to the @InvAssoc."
