The startup offers an international investment platform that utilizes blockchain technology for the subscription and redemption of European funds, ensuring secure record-keeping for asset managers. This platform simplifies client relationships and reduces the costs and risks associated with managing UCITS units across various distribution channels.
Funding
$22.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The traditional processes for subscription and redemption of European funds often involve complex client relationships, high operational costs, and security risks, particularly when managing UCITS units across diverse distribution channels. Existing systems lack transparency and real-time visibility, hindering efficient management and regulatory compliance.
Solution
IZNES offers a pan-European investment platform leveraging blockchain technology to streamline the subscription and redemption of fund units, providing secure and transparent record-keeping. The platform facilitates direct interaction between investors and asset managers, reducing operational costs and risks associated with traditional fund distribution. By using a private blockchain, IZNES ensures data confidentiality, traceability, and auditability while adhering to GDPR regulations. The platform's interoperability, achieved through REST APIs, allows seamless integration with existing portfolio management systems and other market participants.
Target Audience
The primary target audience includes asset management companies, institutional investors, life insurers, and financial consultants seeking a more efficient, transparent, and secure way to manage fund subscriptions and redemptions.
Features
- Blockchain-based registry for real-time tracking of fund unit ownership and transactions
- Streamlined client onboarding with simplified and secure KYC/AML processes
- Automated generation of tax reports compliant with European regulations (e.g., IFU)
- Management of corporate actions, including dividend distributions and fund mergers
- Role-based access control and team management module for secure administration
- Secure messaging service for direct communication between investors and fund managers
- REST APIs for integration with existing portfolio management and CRM systems
- Support for various fund types, including UCITS, money market funds, real estate funds (SCPIs), and private equity funds
- Compliant with GDPR, ensuring data privacy and security