Today the fund distribution platform Calastone outlined its approach to fund tokenization in a whitepaper. It notes two very different approaches by asset managers. One is the tokenization of fund units, that has grabbed headlines in the last few months. The other is tokenizing assets within a fund, which Calastone argues is the path to automation, cost savings and innovation.
Calastone points to recent proofs of concept, such as the tokenization of KKR and Hamilton Lane funds. It argues that the motivation underpinning this path is making funds accessible to a wider group of people through fractionalization.
However, this does not address the inefficiencies and frictions that plague the asset management sector.
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