Fund platform Allfunds has passed the 1,000 mark in its global distribution agreements with international fund houses, it has announced.
Over 130 of these deals took place this year alone, according to the Madrid-headquartered business.
Allfunds – which recently ramped up its digital process with the incorporation of blockchain technology – said that the fund house on-boarding process is driven digitally, aided through its technology advancements.
According to Allfunds, this “significantly” decreases manual activity and the “burden” of administrative tasks.
Borja Largo, chief fund groups officer at Allfunds, said that the fund distribution network had worked for 20 years to reach this “important milestone of 1,000 global agreements”.
“We are grateful for the confidence of fund houses and distributors,” he added.
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