FundAdminChain (FAC) is a UK-based startup that is revolutionizing fund operations through blockchain technology. Founded in 2019, the company's platform leverages a distributed ledger network to streamline the launch, distribution, trading, and settlement of collective investment funds. By connecting various stakeholders in the fund market, including investors, distributors, fund managers, and service providers, FAC enables real-time sharing of ownership and transaction information. The platform's digitalization of assets, cash, and transactions effectively reduces intermediary layers, fostering direct engagement between investors and products. This approach results in a unified industry register for recording fund asset ownership and simplifying fund register administration, managing subscriptions, redemptions, and transfers. In December 2020, FAC secured a significant £3.00M Seed Round investment led by Lingfeng Capital and QBN Capital, signifying confidence in its innovative solution. With its focus on blockchain, finance, fintech, and information technology, FundAdminChain is poised to make a substantial impact in transforming the financial services industry.
No recent news or press coverage available for FundAdminChain (FAC).