Two Fintech Companies Announced Developing Blockchain Investment Product

From global asset management companies Hamilton Lane and Apollowill design new blockchain investment products using the Figure infrastructure, one of the technology-finance startups.

Figure officials, in the statement they made after the news, stated that their new partner was developed by the fintech company. Digital Fund Services (DFS) announced its use of the platform.

DFS provides anonymous disclosure of mandatory identification information of investor customers. blockchain allows it to be stored on the network. Anonymized credentials are transferred with a single click when it comes to another fund.

What is a figure?

figureis a fintech startup that provides financial services through its own blockchain network. The company has made a name for itself recently with the investments it has made and the agreements it has made.

According to the latest measurements, the startup, which has a valuation of around 3 billion dollars, established a blockchain partnership with Apollo in July of last year.

The firm has signed with Anchorage Digital, which manages $500 billion in assets for crypto custody services. Figure took on the giant wealth manager’s task of storing his clients’ digital assets.

Mutual Funds Show Interest in Blockchain

Traditional finance mutual funds have been paying great attention to digitalization lately. Hamilton Lane, which manages $ 823 billion worth of assets, announced in the past months that it will tokenize three of its funds.

Mutual funds are showing great interest in blockchain technology to give their clients more attractive offers. For example, England’s leading investment manager Abrdn made a big investment in Hedera and joined the board of the project.

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