Olivier Portenseigne (FundsDLT): Fund industry trends 2023
Olivier Portenseigne, CEO of FundsDLT, presents his company and his perspective on the challenges and opportunities ahead for the fund industry in Luxembourg.
Can you present your company in a few words?
Investment funds are still today distributed in an inefficient, relatively expensive, and low-tech cooperative processes between Distributors and Funds houses. FundsDLT aims to digitize the investment fund distribution by creating a next-generation decentralized platform using blockchain technology.
“Luxembourg is a leading hub for the fund industry, and we believe that it will continue to play an important role in the future.”
What are the new challenges and opportunities that you identify?
The fund industry is undergoing significant changes, and we see many new opportunities and challenges emerging. One of the main challenges is the need for digital transformation and modernization in the industry. This includes implementing new technologies like blockchain and APIs, which can enhance efficiency and transparency. Additionally, regulatory compliance is becoming more complex. We also see opportunities for new business models, improved end-customer centricity and cooperation between involved stakeholders.
How do you see the future of Luxembourg?
Luxembourg is a leading hub for the fund industry, and we believe that it will continue to play an important role in the future. The industry is undergoing a transformation, and we see Luxembourg at the forefront of digitalization and innovation. The market is becoming more interconnected. We also see opportunities for Luxembourg to become a leader in blockchain-based solutions for the fund industry. Overall, we are optimistic about the future, and we believe that it will continue to be a key player in the global market.