Franklin Templeton receives permission in Luxembourg for new blockchain-based fund
Reportedly the first tokenised UCITS fund on a public blockchain using in-house capabilities to be available in the domicile.
Reportedly the first tokenised UCITS fund on a public blockchain using in-house capabilities to be available in the domicile.
Aims to tackle the ‘European scale-up gap’
However there is great variation across the region
Some 26% of investment funds were domiciled in Luxembourg, with the next-popular nation being Ireland
She joins from BNP Paribas Securities Services
Luxembourg tops the rankings but it is followed closely by Ireland, Sweden and France
With an ambitious target of €1bn
He previously worked at Intertrust for 10 years, mostly based in Hong Kong
Corporate, fund and private wealth services provider wants to strengthen its European platform
Demographics are shifting in one direction and cost pressures are only going to rise
The asset deal is the second acquisition by UBP in a week
After finding that many Swiss and Luxembourg funds do not live up to ESG expectations