The Carlyle Group has acquired a majority stake in fund management platform Calastone. The UK company’s solution is fully digitized using distributed ledger technology. It made the shift in May 2019 when it launched its Distributed Market Infrastructure (DMI) to automate its solution.
Calastone has 2,300 clients, processes £200 billion ($260 billion) of investment value monthly and serves the mutual fund and money markets fund sectors. In the latter case, it counts JP Morgan Asset Management as a client.
Its network provides asset managers with automated order routing, settlement, dividend and transfer services.
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