Nasdaq Teams with SEB for Blockchain Mutual Fund Trading Trial

Nasdaq Teams with SEB for Blockchain Mutual Fund Trading Trial

Nasdaq and Sweden’s SEB bank are partnering to trial blockchain for mutual fund trading. Focusing on the Swedish market, the distributed ledger platform aims to allow participants to trade in real time, thereby simplifying the market’s complex, often paper-based transactions. In a statement, Göran Fors, acting head of Investor Services at SEB, said: “With the help of a blockchain we can create a faster, simpler, more effective and reliable fund market.” Magnus Haglind, senior vice president and head of product management and market technology at Nasdaq, echoed the sentiment, calling the use case “perfect” for blockchain, Reuters reports. “It […]