Global asset manager AllianceBernstein Holdings (AB) is working with Allfunds Blockchain to adapt its services to the blockchain ecosystem, according to a press release.
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Allfunds Blockchain, an arm of Allfunds (ALLFG), focuses on integrating blockchain technology within funds to provide an additional layer of safety and efficiency.
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AllianceBernstein has $687 billion in assets under management as of May 31, 2022.
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“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.
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