Carlyle-owned Calastone has launched its Calastone Tokenised Distribution offering to enable asset managers already using its platform to tokenize any fund on blockchains including Ethereum, Polygon and Canton. The key is it is a frictionless process that doesn’t require any fundamental changes to the fund or its administration. Calastone processes around £250 billion ($327 billion) in fund investments monthly.
“We make it possible to distribute existing funds via blockchain networks, instantly and at scale, without any operational upheaval or technical reinvention,” said Adam Belding, CTO at Calastone.
For asset managers, blockchain offers a fresh source of investors. Novel stablecoin issuers and blockchain protocol treasurers prefer to keep assets on-chain. Hence, they’ve been attracted to the likes of BlackRock’s BUIDL and Franklin Templeton’s FOBXX tokenized money market funds. It will also appeal to the crypto savvy wealthy and retail investor market.
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