AXA IM Gains French Crypto Licence For Tokenised Funds

A spokesperson for AXA IM told Investment Week that the registration will be useful "as we actively work on initiatives where blockchain technology can bring benefits to capital markets".

Assets managers are frequently looking to the potential of tokenised funds and securities, along with not wanting to be left behind by the growing interest around central bank digital currencies and stablecoins.

Bank of England: Digital pound represents 'new frontier' for payments

The spokesperson said that the firm did not have any investment strategy or exposure to cryptocurrencies such as Bitcoin and Ethereum and did not currently plan to.

The application was submitted late in 2021, the spokesperson added.

Other banks registered on the AMF's list of digital asset providers include Societe Generale Forge, which joined the list in September 2022, and Caisse des Depots, a state-owned social impact bank.

RECENT NEWS

What A Rising VIX Means For Pension Funds

Wall Street’s latest selloff has moved beyond a technology-sector wobble and become a broad market event. The Nasdaq C... Read more

Behaviour Cannot Fix A Portfolio Construction Flaw

A Retiree Shouldn't Be Asked to Behave Their Way Out of a Portfolio Construction Problem Why behavioural coaching shoul... Read more

Behavioural & Retirement Portfolio Resilience

Behavioural Survivability and Retirement Portfolio Resilience Why the lived experience of market recovery matters as mu... Read more

Australia's Rate Rise Bites: Highest In 15 Years

The Reserve Bank of Australia has lifted interest rates to their highest level since 2011, and its governor admits the w... Read more

October Retirement Portfolio Resilience Assessment

Markets stabl Read more

Gyrostat September Retirement Portfolio Resilience Assessment

September Retirement Portfolio Resilience Assessment Markets have fallen. The price of risk has risen. ... Read more