Blockchain is not just for bitcoin production. With this technology, startups hope to shake up the sale of mutual funds, making it more reliable, faster and cheaper. The pioneers in 2017, Iznes and FundsDLT, continue to seek to use this decentralized storage ledger to bypass, at least in part, the traditional intermediaries (depositories, etc.) of asset management companies.
“This is the moment of truth,” says Pierre Monteillard, founder of Taycoff. Iznes is already in modest production and production of FundsDLT is due to begin soon. Now they must demonstrate to the market on a larger scale that they can deliver on their promise. Allfunds, the leading fund wholesaler in Europe, also made an attempt last year.