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UMB Financial Unit Signs Partnership Deal With iCapital

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UMB Financial's (UMBF) UMB Fund Services unit has signed an integrated partnership deal with fintech firm iCapital to expand the deployment of distributed ledger technology into the operating layer of fund administration, iCapital said Monday.

Financial terms were not disclosed.

iCapital said the deal will extend its blockchain-enabled network to support UMB Fund Services' platform, using a shared data framework intended to improve operational efficiency and scalability.

Price: $134.32, Change: $+1.26, Percent Change: +0.94%

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