Calastone, the global funds distribution network that processes over £250 billion ($328bn) in monthly transactions, has integrated its Tokenised Distribution solution with the Polygon blockchain network, enabling institutional scale fund distribution to operate onchain.
The integration allows fund share classes to operate directly on Polygon’s infrastructure, reducing settlement times and operational costs for asset managers. Calastone’s platform connects 4,500 financial institutions across 58 markets.
Calastone unveiled its Tokenised Distribution offering in April of this year to enable asset managers already using its distribution platform to tokenize any fund on blockchains including Ethereum, Polygon and Canton, while maintaining existing administrative workflows.
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