AcomeA SGR Partners with Fundsquare’s FundsDLT, Fabrik to Trial Blockchain for Distribution of Funds
Italian asset management firm, AcomeA SGR, announced on their official Twitter page the completion of the tests on blockchain implementation. The firm is using Fundsquare’s FundsDLT system to distribute funds the savers and other operators in the asset management system. The asset managers using the blockchain system are able to sell assets through a distributed, secure and transparent platform.
The test were successfully completed through a partnership with Fundsquare and Fabrik. The former provided the blockchain system (FundsDLT) to distribute the funds while the latter provided AcomeA with the necessary banking systems and APIs.
According to the reports released, the company used the Gimmie5 service to complete the distribution of assets funds to the savers. The platform is built to allow users an efficient transfer and settlement of their invested funds and payments from the asset managers.
The head of product development at Fabrik, Giulio Rattone, favored the partnership made praising the value that the successful tests will have on the financial world.
“The test concluded is a concrete example of the great value that can generate the union between knowledge of the processes and dynamics of the financial world, the skills on the most advanced technologies and the vision on new business and management models.”
The VP and head of technology at AcomeA SGR, Giordano Martinelli, commented on the latest completion of the blockchain test praising the company as one of the pioneers to implement blockchain in asset management. He further said that AcomeA SGR will be committed to pushing more blockchain adoption across its partners and savers in asset management to simplify the field and make it more accessible. He completed his address on the latest development praising the partnership with Fundsquare and Fabrik saying,
“The importance of the test lies not only in the technical aspects; the collaboration with Fundsquare and Fabrik demonstrates the value of cooperation in the Fintech sector; working together we are able to bring notable benefits not only to operators in the asset management sector but above all also to savers.”
As asset management firms take up new developments, more and more direct to customer (D2C) companies are benefiting from the decentralized blockchain systems. The goal for asset management companies across the world is to reduce the costs of transferring funds, improve the efficiency and creating value for customers. The managing director of Fundsquare, Olivier Portenseigne, echoed on the statements calling on more fund managers to adopt the FundsDLT blockchain system saying,
“It [the FundsDLT] aims to help investment fund companies improve their buyer journeys, reduce costs, increase efficiency and ultimately create value for investors.”
Insieme a @fundsquare e @FabrickPlatform abbiamo completato il primo test per la sottoscrizione di quote di fondi comuni tramite la tecnologia Blockchain…https://t.co/WTuYjuma24#blockchain #ArtificialIntelligence #funds #fondi #investing
— AcomeA SGR (@AcomeAsgr) March 18, 2019