Nasdaq stock exchange testing blockchain for mutual funds

It doesn't get more mainstream finance than mutual funds and Nasdaq! From Reuters:

NEW YORK (Reuters) - Exchange group Nasdaq Inc and Nordic financial services group SEB have teamed up to test a blockchain-based mutual fund trading platform for the Swedish market in an effort to simplify and make the process faster.
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“This is a perfect use case for the blockchain,” Magnus Haglind, senior vice president and head of product management, market technology at Nasdaq said in an interview. “It is not about disrupting the industry, it is focused on bringing efficiencies.”
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“With the help of a blockchain we can create a faster, simpler, more effective and reliable fund market,” Göran Fors, acting head of Investor Services at SEB, said in a statement.