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AcomeA SGR, a leading Italian asset management company, has successfully completed an investment fund shares transaction test and related payment through Fundsquare’s blockchain-based infrastructure FundsDLT and the Italian API platform Fabrick. The transaction allowed AcomeA SGR to carry out, through its Gimme5 service for direct distribution of funds to savers, real-time subscription and redemption transactions of shares of investment funds and related payments, thanks to the use of smart contracts and connections via an API to the banking network.
The test demonstrated the efficiency and cost savings of a new generation ecosystem for processing D2C orders in investment funds, where the various actors involved in the distribution process can interoperate and offer a...
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