Calastone has launched its blockchain-enabled distributed market infrastructure (DMI), which sees the migration of Calastone’s global funds network of more than 1,800 customers across 41 markets onto the blockchain-based network.
Through the DMI, financial services organisations across the world can access a fully mutualised global funds marketplace whereby the trading, settlement and servicing of funds is conducted in real-time, Calstone revealed.
Campbell Brierley, Calastone’s CIO, commented: “Through Calastone’s blockchain-enabled market infrastructure all participants across the fund’s world can work together seamlessly and view trading activity in real-time.”
“Information now ripples instantly across the market, a step change from the previous, fragmented model. Financial services firms worldwide can, via the DMI, utilise new services, enhanced capabilities and new investment opportunities, allowing them to evolve their proposition to one that will be more competitive and valuable long-term.”
Julien Hammerson, Calastone’s CEO, added: “The launch of the DMI today marks an important step for the entire funds industry, creating a friction-free global marketplace for funds.”
“By leveraging the latest technology we are able to provide the investment management community with the tools they need to control risk and cost while meeting the evolving needs of investors.”
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