Funds Industry Report - Flipbook - Page 31
Pete Townsend Norio Ventures
party distributors, fund platforms, institution-
technology. Many of them are aware that the
al investors, their service providers, and the
application of distributed ledger technology
whole value chain of the fund investment
to the funds' industry has already begun. It's
process.
happening in small pockets, in small circles,
but it’s happening.
People on the front ofce side in the major
markets, such as London, are dealing with
These leaders know the difference between
these headaches every day, directly and indi-
the bitcoin blockchain and multi-party con-
rectly.
sensus mechanisms, or ‘blockchain-inspired’
There are 100 or more big-name asset man-
nancial market utilities.
agers in London and at least 25 or 30 of them
that the world’s single largest use of block-
have a senior-level executive who has already
chain technology is not actually applicable to
realised that the future of nancial market
capital markets, but know that innovators are
infrastructure is based on distributed ledger
already bringing variations of it to market.
They’ve realised
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