iCapital® and UMB Expand Blockchain-Enabled Network for Alternative Investments Through Distributed Ledger Technology Integration

iCapital¹, the global fintech company shaping the future of investing, announced an integrated partnership with UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation and a national leader in registered and alternative investment fund administration services, to further expand the deployment of its distributed ledger technology (DLT) into the operating layer of fund administration. This collaboration extends iCapital’s blockchain-enabled network to support UMBFS’s fund ecosystem, connecting a critical part of the alternatives ecosystem through a shared data framework designed to improve operational efficiency and scalability.

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As advisor and client demand for alternative investments grows, operational complexities across the ecosystem continue to obstruct the investment lifecycle. Industry participants face mounting pressure to scale onboarding, servicing, and data management processes without additional operational burden. By leveraging distributed ledger technology to standardize key workflows, iCapital and UMBFS are establishing the infrastructure needed to support the next phase of industry growth.

“As adoption of alternative investments accelerates, the industry needs infrastructure that enables participants to operate from a shared source of truth,” said Dan Vene, Co-Founder and Head of Digital Innovation. “Our partnership with UMB Fund Services goes back more than a decade and includes increasingly customized and diversified fund structures. We are thrilled to partner with UMB Fund Services to further expand our distributed ledger technology network. This collaboration advances our vision of a connected ecosystem where data moves seamlessly across participants, reducing operational complexity and creating the foundation for long-term scale.”

The integration enables UMBFS to leverage iCapital’s DLT-enabled infrastructure to facilitate the secure exchange of investor and fund data across participants. By creating a shared data model across onboarding, subscription processing, and servicing workflows, the solution reduces manual touchpoints, minimizes reconciliation requirements, and improves operational coordination throughout the investment lifecycle.

“As a transfer agent serving approximately half of U.S. assets for unlisted registered closed-end funds, we have a clear view of where operational friction lives—and subscription processing is at the top of the list,” said UMBFS Director of Transfer Agency Operations Brittany Haiser. “iCapital’s platform addresses that layer directly, enabling scale for both financial advisors and investment managers.”

The collaboration reflects iCapital’s continued advancement of DLT from early use cases to real-world deployment. By connecting wealth managers, general partners, and fund administrators through a shared data framework, iCapital continues to expand the infrastructure supporting a more connected and scalable alternatives market.

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