SEI has entered into a partnership with Bitcoin-based blockchain company Coinfirm to develop a system for asset transfer using blockchain. The goal of the partnership is to make asset transfer more efficient, with it currently representing, "one of the most expensive and error-prone parts of the asset management value chain", according to Brett Williams, managing director for SEI Wealth Platform. The two firms intend to begin the initiative with a pilot programme for one of SEI's existing clients. A full offering is expected next year.
SEI has entered into a partnership with London-based blockchain company Coinfirm to develop a system for asset transfer using blockchain. The goal of the partnership is to make asset transfer more efficient, with it currently representing, "one of the most expensive and error-prone parts of the asset management value chain", according to Brett Williams, managing director for SEI Wealth Platform. The two firms intend to begin the initiative with a pilot programme for one of SEI's existing clients. A full offering is expected next year.