--- title: BTFs Hit a Technological Milestone description: Blockchain-traded funds await SEC approval. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_294474986_l-2015-1.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/btfs-hit-a-technological-milestone#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Blockchain](https://articles.marketsmedia.com/tag/blockchain) - Blockchain - BTFs Hit a Technological Milestone Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/btfs-hit-a-technological-milestone#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 01.19.2020 By Rob Daly Blockchain # BTFs Hit a Technological Milestone 01.19.2020 By Rob Daly ![BTFs Hit a Technological Milestone](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_294474986_l-2015-1.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) Funds that trade on blockchains have taken a step closer to reality as hybrid blockchain-platform provider Kadena prepares to launch its public blockchain with smart contract support on January 15. The three-year-old startup has partnered with US Commodity Fund Investments to provide the technological infrastructure to support the trading and settlement of tokenized funds. “The goal is to provide a marketplace in which people can trade and do instant settlement 24/7,” Monica Quaintance, head of research and networks, at Kadena, told IntelAlley. “Their pilot is on a traditional asset class. It’s not Treasuries, but it is like Treasuries.” A fund structured in such a manner would eliminate the processes that a transfer agent would provide, she added. “You can do all of that on the public blockchain itself.” UCSF files its application to create a new instrument with the US Securities and Exchange Commission and is waiting for the regulator’s decision. The fund manager plans to use Kadena’s public-private blockchain to store investors’ personal information and KYC data on the private portion on the vendor’s Kadena Kuro blockchain while storing executions and transfers on its Kadena public platform. Kadena miners, which are represented by 2,000 unique keys, already have mined 2 million blocks since genesis mining began in October 2019. The vendor expects it will take miners approximately 120 years before they mined last of the 1 billion tokens embedded in Kadena’s architecture. The vendor claims that the platform has attained a throughput of approximately 750 transactions per second compared to bitcoin’s and ethereum’s 7 and 15 transactions per second, respectively. The platform achieves its performance by running ten blockchains in parallel with each chain referencing a subset of its sibling chains to ensure that no chain lags or leads by too many transactions that it processes. Kadena plans to add more blockchains but did not want to launch its platform with an overly large number of core blockchains, according to Quaintance. “We didn’t think it would be fair to have users bootstrap 1,000 chains in the last two weeks.” [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/btfs-hit-a-technological-milestone) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/EMCA-WINNERS.jpeg?width=376&height=250&name=EMCA-WINNERS.jpeg)](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) Latest News ## [European Markets Choice Awards 2022 – The Winners](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) On 5 June Markets Media held its first in person European Markets Choice Awards event in London. 07.06.2022 By Markets Media 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg?width=376&height=250&name=trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg)](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) Daily Email Feature ## [ON THE MOVE: Citi Hires Artie Ambrose; Natalie A. Brown to Mesirow](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) The weekly recap of new hires, promotions and job changes in capital markets trading and technology. 07.05.2022 By Anna Lyudvig, Traders Magazine 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/339299_345359258874293_1089957387_o.jpg?width=376&height=250&name=339299_345359258874293_1089957387_o.jpg)](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) Latest News ## [Summer Trading 2012, 10 Years On](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) A look back at a Markets Media event from a decade ago. 07.05.2022 By Traders Magazine [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}