Alchelyst has partnered with Allfunds Blockchain to help private markets asset managers process investor transactions more efficiently.
The partnership introduces the AlchelystxAllfunds Blockchain API, a permissioned blockchain integration designed to replace manual transfer agency order processing with straight-through processing.
“Our focus is on building the infrastructure for modern private markets that enables GPs to scale,” said Will Callaghan, head of product at Alchelyst.
“Through this partnership with Allfunds Blockchain, Alchelyst clients gain distribution reach that would typically require significant investment to build independently.”
The API will support subscriptions, redemptions and switches through real-time data exchange between the two firms.
Built on Allfunds’ blockchain infrastructure and integrated with Alchelyst’s Aurum platform, the solution gives general partners a direct digital route to the Allfunds distribution network.
The companies said the partnership addresses fragmented and labour-intensive back-office processes, which have historically made private markets harder to operate and scale than traditional asset classes.
“Our collaboration with Alchelyst shows what becomes possible when distribution infrastructure and fund operations are fully connected,” added Rubén Nieto, managing director, Allfunds Blockchain.
The move reflects growing demand for digital infrastructure in private markets, as asset managers look to reduce operational friction and expand distribution without relying on manual processes.
