Broadridge Financial Solutions, collaborating with Amazon Web Services (AWS), has launched the latest evolution of its Private Market Hub platform, in what the company claims to be the industry’s first deployment of blockchain technology for the private equity market.
Broadridge Private Market Hub is a global, multi-jurisdictional and cloud-native platform for private equity workflow that serves as a central hub for internal and external communication, reporting, data visualization and auditability.
By replacing multiple systems and manual processes with a distributed ledger utilising Amazon Managed Blockchain, all participants will have real-time access to transparent and accurate data – a single, golden source of truth that will facilitate greater visibility and trust, according to the company.
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