Calastone announced it will use Polygon's blockchain to tokenize and distribute fund share classes onchain, marking a notable step in asset management digitalization. The move aims to harness blockchain efficiency and security to modernize fund distribution.
Calastone has partnered with Polygon to use its blockchain for tokenized fund distribution, aiming to streamline settlement and reconciliation for asset managers worldwide. The move could cut friction and costs for cross-border fund flows.
Calastone has integrated with Polygon to enable tokenized fund distribution to 4,500 institutions across 58 markets, leveraging the PoS network for faster settlement and lower fees.