AllianceBernstein has announced a partnership with specialist in blockchain technology Allfunds Blockchain as it looks to tap into the benefits of tokenisation.
Tokenisation involves using blockchain technology to communicate sensitive information or data. A tokenised fund, which may also be known as a digital fund or a BTF (blockchain-traded fund), is one where shares or units in the fund are digitally represented and can be traded and recorded on a distributed ledger. In a press release issued today (16 May), AllianceBernstein said Allfunds Blockhain's technology could "transform operational processes in the fund industry" and the asset management firm would be connecting its global operational activity to the Allfunds platform. Possible us...
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