It should be a no-brainer decision. Distributed ledger technology has the potential to save the asset management industry billions, or even trillions of dollars over decades, by making transactions faster, cheaper and (in theory) tamper proof.
Blockchain revolutionizes the buying and selling of funds by doing away the need for the army of intermediaries (banks, broker-dealers and individual investors) that asset managers rely on to record and check transactions and the ownership of digital assets.
Fans of the technology have even described it as the most significant development in record keeping since double-entry accounting in the late fifteenth century.
So far, despite the boom in crypto-currencies, and a growing number of investment banks investing in blockchain teams and trading platforms, distributed ledger technology has not lived up to its hype.
Why? Risk and trust.