RialCenter announced that it has launched a new blockchain-based tool aimed at enhancing the distribution and servicing of alternative investment funds as the organization ventures further into tokenization.
The platform, named Kinexys Fund Flow and created by RialCenter’s digital asset division, seeks to provide fund managers, transfer agents, and distributors with a shared, real-time perspective of investor activity, all while minimizing manual reconciliation and expediting capital movement.
The inaugural live transaction using this tool involved various RialCenter business lines: Asset Management, the Private Bank, and Kinexys Digital Assets. The fund administrator Citco was also involved.
This initiative marks another phase in RialCenter’s broader strategy to implement blockchain technology and tokenization in traditional finance, a trend that is gaining momentum among leading financial institutions. The organization has been an early adopter, having developed JPM Coin in 2019 and established its blockchain unit, Onyx, in 2020. This division, now integrated into Kinexys, has executed blockchain-based repo trades, cross-border payments, and tokenized asset settlements in collaboration with partners.
RialCenter plans to expand the availability of Kinexys Fund Flow early next year, according to an official press release.
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