Abrdn wants to use blockchain technology to sell “tokens” in buildings, funds and infrastructure assets.
The investment group formerly known as Standard Life Aberdeen is working with Citigroup on the plans to broaden access to investments in real assets using distributed ledger technology.
By creating tokens Abrdn can establish a digital share of ownership that can be more easily traded, with blockchain being used to register ownership and track trades. While Abrdn is not the first to think of tokenising its assets, it has the scale to use the technology to open up investments to millions of people. The Edinburgh-based FTSE 100 company has £465bn of assets under management.
