Funds network Calastone has a vision of tokenizing the entire asset management sector, not just the funds but the underlying assets. In the future, in place of standardized mutual funds, every investor might have a bespoke portfolio of tokenized assets based on their risk-reward preferences.
The Calastone funds network connects 2,500 asset managers, fund distributors and their services providers and processes £200 billion ($276 billion) every month. Despite its scale, it’s still a tiny part of the fund sector globally valued at more than $50 trillion. Calastone’s core order routing has used blockchain technology since May 2019, but that’s just the start.
CTO Adam Belding spoke to Ledger Insights about the future potential to “reconnect asset managers with retail customers more directly and create something that goes even beyond a mutual fund.”
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