The $400 billion asset manager is expanding its investments strategy to include bitcoin and ether.
The investment reflects growing institutional and individual interest in investing in crypto-related companies.
The fund cannot be traded throughout the day as an ETF or stock can, but it signals a positive move towards the SEC’s view of bitcoin.
The megabank is positioning itself to take an active role across the bitcoin markets.
The Ontario Securities Commission gave its blessing Thursday.
Calastone, a transactions network for the mutual funds industry, has now moved to its own blockchain-based settlement system.
A Credit Suisse subsidiary has completed a blockchain trial for fund transactions, concluding the tech offers "considerable benefits."
Calastone, the U.K.-based operator of a transactions network for investment funds, is moving settlement to a blockchain by May 2019
Shifting to a distributed, blockchain-based infrastructure could bring huge financial benefits to the asset management industry, research indicates.
The Nasdaq stock exchange and Sweden's SEB bank will work together on trial of a blockchain platform for mutual fund trading.
A previously announced asset manager consortium is moving slowly to market with a blockchain technology solution.
In a new Op-Ed, CoinDesk contributor Sid Kalla discusses opportunities for buy-side firms in the blockchain industry.