iCapital, the fintech shaping the future of investing, has recently announced the deployment of distributed ledger technology (DLT) to support Morgan Stanley (NYSE:MS) Wealth Management’s alternatives business. This latest initiative is part of iCapital’s broader strategy to drive digital transformation and deliver seamless connectivity, enhancing efficiencies across the alternatives industry—streamlining investor onboarding, “subscription document processing, pre-trade workflows, and reporting across lifecycle of alternative investments.”
Lawrence Calcano, Chairman and Chief Executive Officer of iCapital said that by integrating iCapital’s distributed ledger technology into trade workflows, they’re streamlining “the alternative investment process reducing friction, accelerating time to trade, and enhancing transparency and efficiency for clients.”
The trade integration enables automation of subscription document review and remediation between Morgan Stanley, GPs, and Fund Administrators.
Leveraging iCapital’s DLT, the trade experience becomes more efficient.
DLT establishes a standardized data model “to connect stakeholders across the ecosystem, significantly reducing manual reconciliations and improving data fidelity.”
“Integrating iCapital’s distributed ledger technology into our alternative investment workflows represents a meaningful, technology-enabled advancement in operational efficiency,”
Alison Nest, MD and Head of Investment Solutions Products at Morgan Stanley has said that this solution automates trade processes, reduces manual reconciliations, and “accelerates time to trade—ultimately allowing us to serve our clients while scaling connectivity across the private markets ecosystem.”
As covered, iCapital is shaping the future of investing for financial advisors, wealth managers, asset managers.
iCapital offers a range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to “help drive better outcomes.”
With investment from alternative asset managers, wealth managers, and service providers, iCapital provides access, data connectivity, education, and research programs to clients.
Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports investment lifecycle processes.
iCapital’s platform reportedly manages the lifecycle of non-traditional investment products, making it easier “to learn about, buy, manage, and integrate alternative assets, structured investments, annuities into portfolios.”
iCapital reports that it has “$997.7 billion of assets serviced on its platform, including $272.1 billion in alternative platform assets, $215 billion in structured investments and annuities outstanding, and $512.7 billion in client assets reported on, and serving wealth management firms and active financial professionals.”
Headquartered in New York, iCapital operates with 16 other offices, including hubs in Zurich, London, Hong Kong, Singapore, Tokyo, Toronto, and ab R&D center in Lisbon.