Euroclear to invest in IZNES.

Euroclear, a financial industry’s trusted provider of post trade services, agreed to invest in IZNES, a blockchain-based fund marketplace. Financial terms were not disclosed. “Our partnership with IZNES fits with Euroclear’s ambition to innovate and bring efficiency to the financial markets. We are convinced that the mutualisation of data and further automation of processes, supported by digital technologies, have a real potential to reduce the overall cost of funds distribution. IZNES’ solution has already delivered benefits to its users and our partnership is a natural step to broaden its usage at a larger scale,” Philippe Laurensy, Euroclear Head of Product, Strategy and Innovation.