based in the USA Broadridge financial solutions (NYSE: BR), a technology solutions provider, announced on Wednesday (June 9, 2021) that it has partnered with Amazon Web Services (AWS) to deliver its Private Market Hub Platform.
The Private Market Hub will leverage Distributed Ledger (DLT) technology to streamline and connect the private equity sector and assets.
The new platform provides connectivity for line-of-business applications and tools that help automate workflows between front, middle and back office functions and provide a more consistent, secure, real-time view of the latest data.
Broadridge’s management determined that this will be the first use of blockchain technology for the private equity market.
The Private Market Hub aims to bring the participants of the private equity ecosystem together while reducing friction for asset managers, investors and administrators. The DLT-based platform should also make it easier to carry out audits.
The updated hub supports independent …