Global funds network Calastone has launched its new tokenised fund distribution solution with Web3 software firm Polygon Labs. The integration brings institutional-scale fund distribution onchain to Calastone’s network of 4,500 organisations across 58 markets.
Asset managers can now operate fund share classes directly over blockchain using existing administrative and compliance processes. They will be able to reach digital-first investor pools across borders, with less intermediaries but without disrupting custody standards or reconciliations across jurisdictions.
For Calastone’s network, which processes more than £250 billion monthly, such large-scale institutional settlement has been made practical by Polygon’s scalability, affordable transaction fees that are less than a cent, and near-instant finality.
Polygon claims in a press release that this partnership is “one of the first large-scale integrations of blockchain into global fund infrastructure”. The firm believes that the collaboration plays into a broader trend – the migration of traditional capital markets into public, open infrastructure.
