Northern Trust And IBM Announce A Blockchain For Private Equity Fund Administration

qz.com

The idea of using blockchain—the technology underpinning the bitcoin cryptocurrency—has gripped the imagination of financial institutions all over the world. One report from Spanish megabank Santander says banks could save up to $20 billion a year in infrastructure costs by replacing legacy plumbing with blockchains. But the big banks, brokerages, and other back-office purveyors have so far had...

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