FundChain

The Fundchain initiative was launched in summer 2016 with 10 key market players in theThe Fundchain initiative was launched in summer 2016 with 10 key market players in the fund industry — BIL, BNP Paribas, CACEIS, the European Fund Administration, HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, Société Générale Bank & Trust, professional services firm PwC Luxembourg, the University of Luxembourg (SnT) and Blockchain startup Scorechain. The aim is to prove the potential of Blockchain in the investment fund area and to develop solutions using Distributed Ledger Technology and smart contracts to act as innovation pioneers for the fund-distribution value chain in Luxembourg