Allfunds, Alchelyst launch blockchain API for private markets distribution - Ledger Insights - blockchain for enterprise
Private markets solutions firm Alchelyst has partnered with Allfunds Blockchain to enable straight through processing of private fund subscriptions, redemptions and switches via a blockchain API.
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The tie-up connects Alchelyst — which merged this year with Apollo spinoff Lyra Client Solutions — to Allfunds' permissioned blockchain; the parent distribution platform administers roughly €1.76 trillion in fund assets.
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