The development of digital assets and currencies; whether it be cryptocurrencies, stable coins (cryptocurrencies that peg their market value to some external reference, like the dollar to gain price stability via collateralization), or central bank digital currencies (CBDC) could alter the way retirement plans (such as 401k) are (i) designed, (ii) administered and (iii) custodied.
With benefits including reduced settlement time and risk, as well as increased liquidity for all asset classes, Distributed Ledger Technology (blockchain) is poised to completely upend the retirement market and the way plan sponsors (employers), plan participants (employees) and providers (third-party administrators) do business. As an example, blockchain technology, while emerging among many defined contribution and defined benefit plans, promises to boost authentication & data security, increase efficiencies in plan & participant set-up, investment, NAVs & transaction settlements (thus decreasing retirement plan costs) and improving data sharing between all retirement ecosystems participants (such as TPAs, advisors, plan sponsors and plan participants). All transactions are immutable and blockchain provides for a single source of truth.
Our solutions are based on our Intellectual Property (IP) and some are US Patented. Moreover each solution is customized at the organization level, irrespective of size and industry.