POWERED BY MOMENTUM MEDIA
BNP Paribas to expand blockchain offerings
Under a new initiative from the French government, private companies will now be allowed to issue minibonds via crowdfunding platforms, with BNP Paribas an early entrant into the new field.
BNP has partnered with Lendosphere, Lumo and Enerfip on the initiative, following the French government's encouragement for crowdfunders to work with distributed ledger technology rather than existing individual ledgers.
BNP innovation and digital lab head of business management, Marc Younes, said that further expanding blockchain initiatives would help standardise the trade lifecycle of minibonds.
"Blockchain technology is particularly suited to the fundraising needs of private companies…and could serve to standardise processes around the trade lifecycle of minibonds," he said.
"This new initiative answers the French government's call to make use of distributed ledgers to support the sale of minibonds via crowdfunding platforms."
The platform will be finalised during the coming months and launched following the finalisation of specific minibond legislation across France.
Recommended for you
IFM has firmly opposed any push for publicly disclosing current valuations of private market assets, saying it would “damage the financial interests of investors” and reduce appetite for infrastructure and private business investment.
Subdued GDP figures have bolstered expectations that the RBA could cut rates sooner and, possibly more aggressively, market watchers say.
Australian institutional investors plan to keep their finger on the pulse of private markets, new data has shown, with local investors aiming to further expand allocations into the sector.
The RBA has opted for a 25 bp rate cut last month to ensure that at a time of heightened uncertainty, monetary policy settings remained “predictable”.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
