Luxembourg (Europe)

BNP Paribas Asset Management has chalked up another blockchain success, using the technology to carry out a full end-to-end fund transaction test. The test, carried out late last year, was made through BNP Paribas Securities Services’ blockchain programme, Fund Link, and FundsDLT, a blockchain-based decentralised platform for fund transaction processing, developed through collaboration between a Luxembourg Stock Exchange subsidiary called Fundsquare, InTech and KPMG Luxembourg.

BNP says that the transaction included each part of the fund trade process, from delivery of the order to the processing of the trade and showed that Fund Link is able to connect with other blockchains, opening the door to a new model of interoperability.

Arnaud Claudon, head, asset managers, BNP Paribas Securities Services, says the test is a "key milestone" for Fund Link.

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On Friday afternoon, the Summer School of BGL BNP Paribas held their final at the bank's headquarters in Luxembourg-Kirchberg. A total of 3...

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