In the Margins

Could blockchain save fund industry $2.5B+ a year?

February 23, 2018

By Coindesk

Calastone, a transaction network for the mutual funds industry, has released a report showing that switching to a distributed, blockchain-based infrastructure could slash costs for the global mutual funds market by over $2.5 billion a year. Ken Tregidgo, deputy CEO of Calastone, said that using a distributed market infrastructure would avoid different companies having to input the same data, thus saving time and reducing errors. Read the original story from CoinDesk.

 

 

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