UMBF Arm Expands Fund Platform with iCapital Blockchain Network

A subsidiary of UMB Financial (UMBF) has integrated iCapital's distributed ledger technology (DLT) network into its fund services platform. The move aims to streamline operations and improve efficiency in managing alternative investments.

The Product

iCapital's DLT-based network provides institutional investors and asset managers with real-time data accuracy, reduced settlement times, and automation of manual processes. The network is expected to enhance UMBF's platform capabilities in handling alternative assets such as private equity, private debt, and real estate.

Pricing and Availability

Pricing details or a launch timeline have not been disclosed. The network is expected to be available to UMBF's institutional clients.

Competition

UMBF competes with firms like State Street and BNY Mellon, which also offer DLT-based solutions for fund services. However, the focus on alternative investments may give UMBF a competitive edge.

Potential Impact on the Company

This integration could increase UMBF's market share in fund services, particularly in the fast-growing alternative assets segment. It also reinforces its position as a leader in adopting financial technology.