Exploring Northern Trust’s PE blockchain tech transfer

by Alice Murray 22 July 2019

At the end of last month, Northern Trust announced the transfer of its distributed ledger technology (DLT) platform for private equity, to fintech company Broadridge.

According to both firms, the move is designed to accelerate the delivery of an industry-wide PE blockchain solution.

Background

In February 2017, Northern Trust premiered the industry’s first ever blockchain technology for the PE industry, with a platform developed for Swiss fund-of-funds Unigestion, in collaboration with IBM.

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