Five UK fund houses explore blockchain technologyhttp://www.ft.com/cms/s/0/3be95e82-cc19-11e5-a8ef-ea66e967dd44.html#axzz3zWB4HjjNFive of the UK’s biggest fund houses have joined forces on a secret project to test if blockchain, the nascent technology underpinning bitcoin, the digital currency, can be used to save billions of pounds in trading costs.
Schroders and Aberdeen Asset Management, the second and third-largest listed fund houses in Europe by assets, are working on the project with Columbia Threadneedle Investments, the £320bn asset manager.
Two people familiar with the project said Aviva Investors, which oversees assets of £246bn, and Henderson Global Investors have also had some involvement in the discussions.
...
