Blockchain
Blockchain, GenAI reshaping fund distribution: Clearstreams’s Philippe Seyll
Clearstream’s CEO Philippe Seyll has highlighted the transformative impact of digital platforms, blockchain, and generative AI on fund distribution, emphasizing their role in enhancing compliance and streamlining processes. In an interview with Delano, Seyll detailed how these technologies are reshaping the industry, particularly in Luxembourg.
Technology and Fund Distribution in Luxembourg
Philippe Seyll: Technology and data are pivotal in breaking down investment barriers. The Luxembourg fund industry has evolved by adopting various business models to enhance operational efficiencies and create synergies. Fund platforms, standardized fund flows, and the growing significance of data have been crucial. Clearstream has emerged as a central infrastructure for fund distribution, leveraging technology to support this transformation.
Blockchain and AI in Fund Distribution
Blockchain and generative AI (GenAI) are poised to revolutionize fund distribution. Blockchain can disintermediate processes, providing direct access to end investors, real-time trading, settlement processes, and enhanced transparency. Smart contracts and automation, powered by GenAI, streamline fund processes. The continued digitalization and provision of insightful data narrow the gap between asset managers and investors, delivering better value for money and improved compliance. Clearstream, with its robust digital infrastructure, supports this digital transformation.
Challenges in Adopting Technology
Transitioning to a shared ledger model, blockchain improves investor access, product facilitation, and data handling. This model, which allows each participant to contribute to a single transaction, reduces redundant processing. However, adopting this model involves issuing native crypto share classes or tokenizing existing fund shares, with the challenge lying in shifting to an ‘on-chain’ distribution network. Clearstream supports this innovation by integrating advanced technologies and supporting both on-chain and off-chain networks. A next-gen distribution platform can provide real-time insights and foster collaboration among intermediaries.
Role of Digital Platforms
Clearstream has developed a dedicated fund distribution interface offering fund research services in collaboration with market data providers like Morningstar and Kneip. Collaborations with fintech platforms enhance portfolio management, ESG considerations, distribution checks, and due diligence services. FundsDLT, an integral part of Clearstream, facilitates market adoption among asset managers, distributors, and institutional clients.
Blockchain and DLT Revolution
Blockchain and distributed ledger technology (DLT) bring improved profitability and quality through automation, control, flexibility, traceability, security, speed, and efficiency. DLT also increases transparency among parties, providing a single source of truth where all stakeholders have access to the same information. The integration of FundsDLT into Clearstream reduces the distance between trading and post-trading, dealing with a high number of investors in a frictionless and automated way.
AI and Data Analytics
Asset managers are increasingly using AI to boost productivity, especially in investment research and client reporting. GenAI helps asset managers design go-to-market strategies, enhance reporting, and improve customer service. AI and machine learning (ML) are also used in KYC (Know Your Customer) processes, crucial for processing large volumes of transactions.
Compliance and ESG Investing
Clearstream integrates technology to ensure compliance and streamline regulatory processes. Strong control functions supported by digital tools help meet evolving regulatory requirements. Clearstream also offers ESG products and services, providing key sustainability information and connecting asset managers with relevant data points, including ESG ratings, climate insights, and sustainability goals.
Future of Fund Distribution
The fund industry is transforming, driven by technology and a commitment to improving efficiency and accessibility. Blockchain and emerging technologies are at the forefront, reshaping fund management and distribution. Clearstream is dedicated to integrating advanced technologies to drive innovation, with asset managers increasingly seeking direct-to-consumer access through their distribution channels or DLT channels. As the industry faces consolidation pressure and lower margins, technology adoption will accelerate, enhancing efficiency in asset management.
Source: delano.lu
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Blockchain
Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
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Blockchain
Binance warns of crypto market risks from overvaluation, centralization
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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Blockchain
COPA, Unified Patents Partner to Fight Crypto Patent Trolls
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
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