Allfunds Integrates Solana Blockchain for Institutional Access

Europe's largest asset manager, Allfunds, has partnered with Solana to integrate its blockchain infrastructure into their platform. This move will give institutional investors access to tokenized fund offerings on-chain.

The partnership puts Solana's technology within reach of over 3,300 fund managers and financial institutions using Allfunds' platform. As of the end of March this year, the platform managed nearly €1.8 trillion in assets.

Rubén Nieto, lead at Allfunds Blockchain, sees the expansion into blockchain as a 'solid commercial step'. He believes it will empower traditional asset managers to tap into Web3 liquidity pools without altering their workflows.