⚓ Northern Trust expands internal and external blockchain capabilities
Asset management firm Northern Trust revealed to Forbes that it has been working with three of its hedge fund clients to administer cryptoasset investments. In addition to working with custodians to verify and value funds, the firm has developed new tools for risk management, anti-money-laundering compliance, trade reconciliation, and net asset value calculations specific to cryptoassets. Northern Trust has also developed a Hyperledger Fabric based system for its private equity business which allows users to settle transactions and exchange ownership.
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