Asset servicing company CACEIS, announced that it has signed an investment agreement that is intended to develop a post-market blockchain infrastructure for the SME segment in Europe.

The partnership will bring in eight major financial institutions including CACEIS, BNP Paribas Securities Services, Caisse des Dépôts et Consignations, Euroclear, Euronext, S2iEM and Société Générale, along with the support of Paris Europlace.

The initiative will improve the access of companies to capital markets, while facilitating and enhancing the security of post-market operations.

“We are very pleased to participate in this collective innovation process. This promising project combines a wide range of experience and expertise that is appropriate to its ambition to help drive the process of transforming the post-market environment. This is fully in line with the CACEIS strategy of prioritizing the development of innovative solutions for its clients.” Jean-François Abadie, CEO of CACEIS, remarked.

The partnership initiative was launched in a hope of a new regulatory framework in France thus offering for the issue and distribution of financial securities with the help of the blockchain technology.