Five of the UK’s largest asset managers have reportedly joined forces to see if blockchain technology can reduce trading costs. The Financial Times claims that the “secret project” is in its early stages, but already involves fintech companies, start-up technology businesses, and one of the big four audit firms, KPMG.
The main companies involved have a combined total of more than £1 trillion under management. The largest participant is Schroders, with 37 offices in 27 different countries across Europe, the Americas, Asia and the Middle East.
http://bravenewcoin.com/news/multi-billion-dollar-asset-management-companies-to-explore-blockchain-use/
