FundsDLT, a platform facilitating fund distribution activities through blockchain, has announced the official opening of its branch office in Paris.
This move is part of the firm’s vision to bring next-generation services that aim to simplify and make investment fund distribution more efficient to all actors in the investment fund distribution chain. FundsDLT objective is to reconnect investors and asset managers and help intermediaries in the chain, whether they are wealth managers, asset managers or asset servicers, to digitize operations through a market infrastructure based on distributed technologies.
The company named Gilles Maréchal as the director of its French branch. Gilles Maréchal brings solid knowledge of securities services and fund services with past experience in the fields of business development and relationship management for leading French and international firms.
FundsDLT has an international ambition and today has strong roots in the French market. One of its four founders is Natixis Investment Managers, France’s second largest asset manager, and it has been working with Natixis on building solutions for fund distribution and order processing since 2017.
FundsDLT is operational in the country and provides its services leveraging on the French DEEP law regulating the tokenisation of certain assets.
Watch highlights of the launch event of 31 May 2022.
Speaking at the launch event, Olivier Portenseigne, CEO of FundsDLT, said: “We are pleased to welcome Gilles Maréchal to the team. He has a deep understanding of the needs of fund actors in France, their ambitions for cross-border distribution and their need for more transparency to better serve their clients. FundsDLT infrastructure and solutions will help them to fulfil these ambitions.”
Gilles Maréchal added: “This is an exciting time for FundsDLT and the fund industry in general. There are solutions in operation today that can enable all companies involved in fund distribution in France to reduce costs, create real value and do business in new ways.”
FundsDLT enables all actors of the investment fund distribution chain (asset managers, asset services, distributors and advisors) to sell funds through a next generation, decentralized platform, significantly reducing administration costs and the time to process transactions. It streamlines a range of repetitive fund operational activities by using blockchain to automate several processes in a secure manner.
FundsDLT is owned by Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange and Natixis Investment Managers. The shareholding composition reflects the strategic objective to deliver a new generation of decentralised infrastructure to the investment fund industry. By enabling the re-engineering of the investment fund distribution chain, it makes fund distribution easier, cheaper and more transparent.