March – July 2017
A consortium of asset managers choses SETL as the technology provider for the solution. A first phase of development is completed leading to IZNES 1.0, a fully functional platform for record-keeping of funds.
IZNES is officially launched and backed by 5 asset management companies. The solution is presented at the AFG in order to increase the number of participants. To this extent, a roadshow is organized, leading to the presentation of the solution to more than 30 asset management companies.
September – November 2017
In parallel of the roadshows, OFI Asset Management & SETL started integrating IZNES to pass real orders (subscriptions & redemptions) on two existing shares of funds. All the record-keeping was made by OFI Asset Management using IZNES and the orders were passed using IZNES’ APIs. This production phase enabled IZNES to be the first blockchain solution to handle end to end real transactions on existing shares of funds.
November 2017 – H1 2018
IZNES and a large number of asset management companies are working on IZNES 2.0. which will be in production by the end of H1 2018 for international investors for French and Luxembourgish funds.