Asset Manager AllianceBernstein to Add Blockchain Technology in Deal With Allfunds Unit

Global asset manager AllianceBernstein Holdings (AB) is working with Allfunds Blockchain to adapt its services to the blockchain ecosystem, according to a press release.

• Allfunds Blockchain, an arm of Allfunds (ALLFG), focuses on integrating blockchain technology within funds to provide an additional layer of safety and efficiency.
• AllianceBernstein has $687 billion in assets under management as of May 31, 2022.
• “We anticipate that this technology will be transformative to the asset management industry, uncovering significant transactional efficiencies and enhanced transparency as well as operational agility that makes investment solutions available to a broader investor base,” said Ronit Walny, Head of AllianceBernstein’s Investment Innovation Center.