Euroclear Invests in Blockchain Network for Asset Management
Euroclear, a leading post-trade group, has acquired a stake in Iznes, a pan-European blockchain network operating within the asset management sector.
The financial details of the transaction remain undisclosed.
This investment aligns with Euroclear’s strategy of expanding its presence in the blockchain and digital technology space, following previous acquisitions such as the digital fund distribution platform MFEX in 2021 and the private funds digital marketplace Goji last year.
The move underscores Euroclear’s commitment to leveraging blockchain technology to enhance its capabilities and ensure its relevance in the evolving financial landscape.
READ MORE: Floki Inu Reveals 2024 Roadmap for FLOKI Token
Established infrastructure providers and post-trade groups like Euroclear are increasingly embracing blockchain to modernize their operations and adapt to future market trends.
Philippe Laurensy, Euroclear’s head of product, strategy, and innovation, emphasized the potential of mutualizing data and automating processes with digital technologies to drive down the overall cost of funds distribution.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
