KCN NORTHERN TRUST TO TRANSFER BLOCKCHAIN TECHNOLOGY PLATFORM TO BROADRIDGE
Northern Trust over its blockchain platform to Broadridge Financial Solutions. According to a press release published on June 26: “Broadridge Financial Solutions, Inc. and Northern Trust have reached an agreement for Northern Trust to transfer its distributed ledger technology (DLT) platform for private equity (PE) asset servicing to Broadridge, marking a significant step toward delivering an industry-wide PE blockchain solution. Initially the solution will be made available to all PE funds domiciled in Guernsey and Delaware, including those administered by Northern Trust. Northern Trust’s PE clients will continue to benefit from the fund administrator’s high-end service and expertise, with the added benefit of having access to an industry-leading platform supported by a global leader in financial technology. Stay with us! The news release partner STEX.com.