OFI Asset Management (AM) and SETL have been joined as shareholders of IZNES by five asset management companies after IZNES announced its first fundraising.
The asset managers include Arkéa IS, Groupama AM, La Banque Postale AM, La Financière de l’Échiquier and Lyxor AM.
According to IZNES, the collaboration gives the platform the necessary means and support for the deployment and production phase expected for 2018 in France and Luxembourg.
The collaboration comes just weeks after IZNES, the mutual funds blockchain issuance platform, went live and processed its first real transactions.
More than ten new asset management firms have officially joined the project as contributors to the development of the platform.
These included Allianz GI, Amundi, Aviva Investors, BDL Capital Management, BNP Paribas AM, Candriam Investors Group, La Française, Lazard Frères Gestion, Mandarine Gestion, Natixis AM, Pléiade AM, SMA Groupe and Sycomore AM.
These asset management companies have different economic models, products and clients, which, according to IZNES, ensures that it will be able to meet the requirements of both clients and asset managers for the European market.
Pierre Davoust, CEO of IZNES, stated: “I am delighted to welcome Arkéa IS, Groupama AM, La Banque Postale AM, La Financière de l’Échiquier et Lyxor AM as shareholders of IZNES, and to announce new contributors to the project.”
He added: “With 20 asset managers, representing together more than €5 trillion of assets under management, IZNES now benefits from a solid market backing and becomes a central market infrastructure. We now focus our efforts on the delivery of the commercial version of IZNES, which will occur this year.”
