Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology.
Philippe Laurensy, head of product, strategy and innovation at Euroclear, says: “We are convinced that the mutualisation of data and further automation of processes, supported by digital technologies, have a real potential to reduce the overall cost of funds distribution.”
This partnership builds on acquisitions of MFEX in 2021 and Goji in 2023 and allows Euroclear to complement its funds services on the French market and beyond.
The partnership enhances its Euroclear FundsPlace offering — the platform solution for mutual and money market funds, alternatives funds and ETFs.
Christophe Lepitre, CEO of IZNES, comments: “We are convinced that together we must continue to build innovative solutions that make the most of blockchain technology for the greater benefit of our customers”.
IZNES aims to simplify subscription processes, improve transparency and enhance customer experience for management companies and institutional investors.
The transaction is subject to regulatory approvals and customary closing conditions.
