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Northern Trust, Unigestion and IBM team up for private equity blockchain

Distributed ledger technology will make it easier for investors to trade stakes in Unigestion private equity fund

Northern Trust, Unigestion and IBM team up for private equity blockchain
Photo: Getty Images

Northern Trust, the custody bank, has teamed up with IBM and Swiss asset management firm Unigestion in an unusual effort to bring blockchain to the private equity market.

Northern Trust and IBM have built a blockchain, or distributed ledger, to modernise the administration of a private equity fund managed by Unigestion, the firms said in a statement on February 22.

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