March 17, 2020

Clearstream, Credit Suisse AM, Luxembourg Stock Exchange and Natixis IM invest in FundsDLT

FundsDLT, a blockchain-based technology platform for the investment fund industry, has closed its Series A round. New investors include Clearstream, Credit Suisse AM, the Luxembourg Stock Exchange, and Natixis IM.

FundsDLT, was originally initiated and incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare. Its platform allows asset managers, distributors, asset servicers, and the supply chain to remove redundant activities, while providing the necessary transparency on end investors and creating the foundation for digital fund distribution.

“The launch of FundsDLT is an important step toward our shared goal of promoting the adoption of blockchain and digital assets across the financial industry. The Luxembourg Stock Exchange has played a catalyzing role in this development, and it is exciting to see the expanding ecosystem around FundsDLT,” stated Robert Scharfe, CEO of the Luxembourg Stock Exchange.

We believe it is critical for the investment management industry to increase transparency and improve operations rapidly," said Joseph Pinto, Chief Global Operating Officer of Natixis Investment Managers. "FundsDLT will help us achieve these objectives and will, in turn, allow us to provide an enhanced experience for investors by leveraging blockchain technology.”

“We continuously seek to ease the access to our products for clients. As part of our digitalization journey, we consider FundsDLT as a further powerful lever to increase efficiency but also to create new distribution channels, enabling considerable benefits for both clients and asset managers,” said Michel Degen, Head of Credit Suisse Asset Management Switzerland and EMEA.



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