FundsDLT, a decentralized fund sales platform, announced that it has reached an agreement with Standard Chartered Bank. Standard Chartered will use FundsDLT’s regulated, cloud and blockchain-based transfer agent software to increase efficiency and transparency. The initial integration phase will launch in the MENA region, allowing Standard Chartered to enhance its services to investment funds and asset managers. .
It was previously reported in August that Deutsche Börse Group would acquire the remaining shares of FundsDLT. It is reported that FundsDLT is a Luxembourg-based company that uses distributed ledger technology for fund distribution and processing.