Clients of brokers such as BUX were already able to make investments through an account with AACB. End-client funds are held in separate blockchain bank accounts, based on the Banking as a Service (BaaS) platform launched by AACB a few years ago. With the introduction of the new infrastructure, end clients can now buy and sell both full shares and fractions of shares from their accounts. An innovative cloud-based administration system ensures that AACB does not need to purchase more than one (full) share per fund.
NautaDutilh’s team consisted of Sven Uiterwijk and Marlot Cuppen.
‘It was a pleasure advising AACB on the regulatory and contractual aspects of this innovative solution and its launch in cooperation with neobroker BUX’, says Sven. ‘We are pleased to see that the new infrastructure has become an instant hit.’
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