What impact will blockchain have on the asset and wealth management industry?
Tom Eckett Investment Week 28th Januaru 2019
The uptake of blockchain from the asset management industry has so far been slow, particularly compared to other areas of finance, such as payments.
For example, Mastercard has launched its own blockchain network that enables banks and merchants to make cross-border payments, while blockchain powers Visa’s B2B Connect payment platform.
However, there have been companies willing to embrace the new technology.
Blockchain technology has been gaining popularity in certain areas of the financial services industry in recent years, but wealth and asset managers have been traditionally slow to adopt the new technologies, citing numerous barriers to entry.
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