Five UK Fund Giants Partner up to Join the Blockchain Bandwagon
In a recurring theme to confirm the financial industry’s collective fawning of blockchain technology – the distributed ledger that underpins Bitcoin – five of the UK’s biggest mutual fund giants are collectively exploring blockchain applications. The motivation? Cutting billions of pounds in trading costs. A report in the Financial Times revealed that Schroders and Aberdeen Asset Management, the second and third-largest mutual fund operators in Europe by assets, have initiated a largely unknown blockchain project. The project also sees Aviva Investors, Columbia Threadneedle Investments and....
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