Global fintech leader iCapital has announced an integrated partnership with UMB Fund Services (UMBFS) to expand the deployment of its distributed ledger technology (DLT) network into fund administration. This strategic collaboration extends iCapital’s blockchain-enabled infrastructure into UMBFS’s fund ecosystem, establishing a shared data framework to enhance operational efficiency, minimize manual touchpoints, and eliminate reconciliation friction across the investment lifecycle. As rising advisor and client demand for alternative investments puts pressure on existing servicing and onboarding frameworks, this integration addresses critical operational complexities by offering a unified source of truth.
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Highlighting the long-term vision of this collaboration, Dan Vene, Co-Founder and Head of Digital Innovation, stated, “As adoption of alternative investments accelerates, the industry needs infrastructure that enables participants to operate from a shared source of truth.” He added, “Our partnership with UMB Fund Services goes back more than a decade and includes increasingly customized and diversified fund structures. We are thrilled to partner with UMB Fund Services to further expand our distributed ledger technology network. This collaboration advances our vision of a connected ecosystem where data moves seamlessly across participants, reducing operational complexity and creating the foundation for long-term scale.” Emphasizing the practical impact on standardizing key workflows, Brittany Haiser, UMBFS Director of Transfer Agency Operations, noted, “As a transfer agent serving approximately half of U.S. assets for unlisted registered closed-end funds, we have a clear view of where operational friction lives and subscription processing is at the top of the list,” adding that “iCapital’s platform addresses that layer directly, enabling scale for both financial advisors and investment managers.” Ultimately, this partnership marks a significant real-world milestone in advancing DLT infrastructure to foster a more scalable and interconnected alternative assets market.