Allfunds, Alchelyst launch blockchain API for private markets distribution
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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