Allfunds, Alchelyst launch blockchain API for private markets distribution
Summary
Allfunds Blockchain and Alchelyst have launched a blockchain API for private markets distribution. The API enables straight-through processing for private fund subscriptions, redemptions, and switches. Alchelyst positions the partnership as a way for its clients to gain distribution reach without building the capability themselves. The launch also targets automation and back-office simplification for alternative asset managers.
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