NEW YORK — iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, today announced a significant achievement in the evolution of its distributed ledger technology platform, iCapital DLT, at its inaugural flagship U.S. event, iCapital Connect 2025. Since launching the first fund on iCapital DLT in May 2024, the company has successfully onboarded more than 100 funds onto its innovative DLT platform. This major milestone is the foundational step towards offering extensible infrastructure for the alternatives industry.
“The milestone of 100 funds on our distributed ledger is a testament to iCapital’s unmatched experience and commitment to ongoing innovation to support the alternatives industry,” said Lawrence Calcano, Chairman and CEO at iCapital. “iCapital DLT supports a broad set of fund strategies to reduce the complexity and inefficiencies in the alternatives fund lifecycle. This technology seeks to elevate the entire industry by saving clients thousands of hours, reducing costs related to manual data reconciliation and version sharing, and improving productivity.”
iCapital advisor research from the first quarter of 2025 found that less than half of advisors surveyed (47%) rated their current client reporting and data quality as excellent and even fewer (43%) feel that their platform for managing client onboarding and the investment lifecycle is excellent. The same research saw that 44% of advisors marked improved data reconciliation at the top of the list for technology improvements to enhance an advisor firm’s ability to manage alternative investments. The findings point to an opportunity for DLT to address an industry need.
“iCapital focused on onboarding 100 funds onto our distributed ledger because we knew iCapital DLT had to support the industry at scale,” said Jason Broder, Chief Product Officer at iCapital. “This milestone has stress tested the platform and taught us invaluable lessons about how to fine tune our product and operating model to ensure iCapital can deliver on its promise to improve efficiency and data quality for the industry’s various constituents – fund managers, custodians, administrators, transfer agents, financial advisors, and more – for scalable growth in the years ahead.”
About iCapital
iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets, structured investments (SI), and annuities into the core portfolio strategies for their clients.
At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $880 billion of global volume activity on platform, inclusive of $220 billion2 in global alternative assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.
iCapital employs more than 1,750 people globally and has 16 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including CNBC World Top Fintech Companies for 2024, and Forbes Fintech 50 for seven consecutive years since 2018.
For more information, visit icapital.com | X (Twitter) @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc/
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1. iCapital, Inc., and its affiliates (together, “iCapital”)
2. As of March 11, 2025
iCapital Disclosures
This material has been provided to you for informational purposes only by iCapital, Inc. and/or one of its affiliates including Institutional Capital Network, Inc. (collectively, “iCapital”). This material is the property of iCapital and may not be shared without its written permission. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital. This is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation to employ a specific investment strategy, or as an offer to sell, a solicitation of an offer to purchase, or a recommendation of any interest in any fund or security. Security products and services are offered through iCapital Markets LLC, a registered broker/dealer, member FINRA and SIPC. Financial products made available by iCapital Markets LLC may be complex and/or speculative and are not suitable for all investors. iCapital Advisors, LLC is an investment adviser registered with the Securities and Exchange Commission and acts as an adviser to certain privately offered investment funds. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc.
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