New York-based investment manager AllianceBernstein (AB) has forged an alliance with Allfunds Blockchain to adapt its asset services activities to the blockchain ecosystem.
As part of the tie-up, AB will integrate its global operational activity with the Allfunds platform to Allfunds Blockchain.
This will enable the firm to offer Allfunds Blockchain solutions across its EU domiciled-global platform.
The partnership is said to follow a “deep exploration of blockchain technology” across multiple departments at AB in partnership with Equitable Holdings.
AllianceBernstein Investment Innovation Center head Ronit Walny: “We anticipate that this technology will be transformative to the asset management industry, uncovering significant transactional efficiencies and enhanced transparency as well as operational agility that makes investment solutions available to a broader investor base.
“We are committed to delivering solutions that our clients prefer today and in the future Allfunds...
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