Our respondents showed little interest in blockchain as a digital-currently platform. It is much more likely that based on recent market developments, hedge fund managers may be utilizing blockchain-based technologies to provide faster and more secure transactions, streamlining and automating back-office operations and reducing costs.
As a distributed ledger database, blockchain is able to maintain a continuously growing list of transaction records that are considered immutable, and it is increasingly becoming the destination platform for financial services companies.
© 2020 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.