La Francaise unit-linked real estate vehicles available on IZNES

29 June 2022

Paris, 29 June 2022: La Française, a multi-expertise management group with €55 billion in assets (31/12/2021), has expanded its range of investment vehicles available on IZNES to include unit-linked "real estate" investment vehicles (Civil Holding Companies and Civil Real Estate Companies), referenced by insurance companies including Generali, an international insurance and asset management group. IZNES is the pan-European marketplace for investing in fund shares on the Blockchain.

La Française now offers its insurance partners the possibility of accessing its range of “real estate” vehicles while adopting a new simplified customer process. All subscription and redemption transactions can be carried out in real time. The IZNES offers a variety of advantages to La Française's institutional investors:

  • Access to a comprehensive product database, with all the features and documents relating to the funds;
  • Ability to view subscriptions and redemptions in real time, with prospectus cut-off times;
  • Access to the blockchain register updated in real time, guaranteeing immutability and traceability and building reference data shared between the investor and the management company

Thierry Gortzounian, Chief Operating Officer of La Française AM Finance Services said "An active innovator and stakeholder since the launch of the project in 2017, La Française is relentlessly pursuing the deployment of the IZNES solution across its range in order to best serve its investor base. By the end of July 2022, La Française aims to have more than thirty vehicles available on the marketplace and is already working on listing an undertaking for collective investment in real estate (Organisme de Placement Collectif en Immobilier – OPCI). We are offering our insurance partners access to vehicles that are representative of our two areas of expertise, real estate and financial assets. Through IZNES, insurers benefit from a user-friendly subscription channel which enables them to control operational risk." 

IZNES is proud of La Française’s renewed confidence and delighted to see IZNES increasingly adopted by the market. Christophe Lepitre stated, "Our solution grants institutional investors and in particular unit-linked insurers fully automated subscriptions from the same order book, in UCITS or AIF funds domiciled in the European Union including real asset funds. This is a major asset, particularly in terms of operational security”. 

For Generali, being able to invest in La Française’s real estate vehicles via IZNES is not only a matter of optimising procedures, but also of enhancing the value of the teams by eliminating tasks which do not add any value. “The growing number of real asset unit-linked vehicles reinforces the imperative of eliminating manual and paper-based processing which not only presents an operational risk but is of no benefit to the teams. Who is still interested these days in printing out a subscription form, filling it out, signing it and so on? IZNES makes it possible to instruct subscription operations directly from our order book to the fund register on the blockchain. The confirmation and position elements are automatically fed back to our accounting tools. Security, speed, digitalization and innovation – it's got everything! Blockchain is becoming the preferred operating model for unit-linked vehicles", said Rémi Cuinat, Director of Unit-Linked Assets at Generali France.
 

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