Iznes recognised by Agefi for best technological innovation for investment in real assets

Iznes, the first European blockchain-based marketplace for funds, was awarded for best technological innovation for investment in real assets in the framework of this year’s AM Tech Day, the event dedicated to the asset management industry and its technological transformations, organized by l’Agefi.

Iznes’ mission is to allow asset managers and asset owners to transact directly, without the need for intermediaries. Owned by 10 leading French and European financial institutions (including Generali France, owning 27%), it leverages blockchain technology providing several benefits:

• A standardized and fully digitalized process across various types of funds (UCITS, AIF) and domiciles (France, Ireland, Luxembourg, and expanding to Germany, Belgium and Austria)
• Cost reduction, not having to rely on intermediaries (e.g., transfer agents)
• Resilience, security, and immutability of the blockchain technology, ensuring compliance from an audit perspective
• Better data, providing reliable, accurate and real time data on funds
• Optimized KYC, allowing for unique document, shareable among marketplace participants, at the same time guaranteeing the privacy of data outside of the marketplace.

In addition to investments, Iznes’ technology can also be adopted for cash management purposes.

Iznes is already supporting various asset managers (GIL, Sycomore, GRE) and asset owners (Generali France) across the Group, with the potential to further expand its scope and increase efficiency, security, and development of the real estate and unit-linked markets.

Congratulations to all those involved for this great recognition!