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DwellFi Joins AIMA to Support Innovation and Adoption of AI and Blockchain Technologies for the Asset Management Industry

Monday, 20 May 2024 08:00 AM

PALO ALTO, CA and NEW YORK, NY / ACCESSWIRE / May 20, 2024 / DwellFi, a trailblazer in the fintech sector specializing in the fusion of AI, blockchain, and tokenization technologies leveraged by Fund Admins and Private funds, today announced its new membership with the Alternative Investment Management Association (AIMA). This strategic alignment with AIMA underscores DwellFi's commitment to setting new standards in the Asset Management industry and leveraging collaborative opportunities to advance industry practices globally.

Skyler Steinke, EVP and Chief Revenue Officer at DwellFi, remarked on the partnership, "Our AIMA membership is a key step in our mission to innovate Fund Administration and Private Funds. It allows us to engage with a network of peers dedicated to promoting transparency and forward-thinking solutions. We are eager to share our unique AI and tokenization strategies to enhance our mutual clients worldwide."

Empowering the Asset Management Industry's Future with Specific Use Cases:

For Fund Administrators: DwellFi's technology significantly scales the cumbersome investor onboarding workload by leveraging AI and blockchain to transform volumes of unstructured data-such as PDFs, faxes, and manual documents-into a seamless digital investor workflow, ensuring automated, efficient verification and record-keeping at scale.

For Private Funds: DwellFi enables real-time asset valuation through its dynamic fund tokenization approach, which allows for the tokenization of fund assets as well as underlying NAV/transaction and GP/LP data. Additionally, on-chain liquidity and lending transform previously opaque, costly, and manual underwriting processes into seamless, instant actions, enabling investors to sell or borrow against their LP interest at the click of a button.

Kumar Ujjwal, CEO of DwellFi, expressed enthusiasm about the partnership, stating, "We are excited to join such a prestigious membership in the Asset Management industry. AIMA's approach to advocating for the industry, promoting innovation, and upholding the highest standards of professionalism and governance aligns closely with our vision. We look forward to contributing to a community that values knowledge and innovation."

Joining AIMA enables DwellFi to further its vision of transforming the asset management landscape by providing its secure and enterprise AI-first technology solutions to a broader market. This collaboration also enhances DwellFi's commitment to compliance, operational efficiency, and transparency, setting new benchmarks for technological adoption in the industry.

About AIMA

The Alternative Investment Management Association (AIMA) is the global representative of the alternative investment industry, with more than 2,000 corporate members in over 60 countries. AIMA is dedicated to advocating for the industry, promoting innovation, and upholding the highest standards of professionalism and governance.

About DwellFi:

DwellFi is redefining the Asset Management industry with state-of-the-art AI, blockchain, and tokenization technologies. Our SOC-2, Type 1 SaaS platform caters to a diverse client base, including PE/RE/VC Funds, Hedge Funds, Fund Administrators, and LPs, adapting to the dynamic needs of the market. Led by visionary CEO Kumar Ujjwal, with two technology patents to his name, and CTO Deepak Sheoran, DwellFi is setting new standards for operational efficiency, security, compliance, and investor engagement in the Asset Management industry. Visit https://dwell.fi/ to learn more.

For media inquiries, please contact:

Judith Peterson, Chief Marketing Officer
Email: [email protected]

SOURCE: DwellFi

Topic:
Partnerships
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