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Northern Trust Opens Doors to Cryptocurrency Hedge Funds As Part Of Pervasive Blockchain Expansion
- Forbes.com
- Aug 1, 2018
- 1 min read
Financial services giant Northern Trust has significantly expanded its work with blockchain and cryptocurrencies across multiple divisions.In addition to adding a number of new blockchain features for managing its private equity workflow, the company, which has almost $10.7 trillion in assets under custody and administration, has also quietly opened its fund administration services to a select group of hedge funds betting on bitcoin and ethereum. These potentially groundbreaking projects amount to one of the most significant pushes into cryptocurrency and other assets encrypted on a blockchain by a traditional financial institution.
