Calastone has partnered with Microsoft to enhance its fund and data offerings in a wider effort to drive new opportunities for collective investments worldwide.
As part of the partnership, Calastone recently built DMI Fund Services using Microsoft’s Azure which includes the confidential consortium framework to build applications that focus on multi-party confidential compute and storage.
DMI Fund Services is a suite of solutions that provide fund managers, administrators and distributors a fully digital operating model, enabled through the use of cloud and distributed ledger technology (DLT).
Merging Calastone’s network, technology and market experience, with Microsoft’s Microsoft Azure, will allow for transformative fund trading and dynamic data sharing across the entire industry, in one common infrastructure, Calstone says.
The partnership between Calastone and Microsoft will enable transfer agents, fund managers and fund distributors to transform how they operate and service their clients, Calastone adds.
Adam Belding, chief technology officer at Calastone, comments: “We have great ambitions for DMI Fund Services and our wider product set, and so we looked to Microsoft, one of the world’s leading technology companies, with a proven expertise in enabling distributed ledger and cloud solutions for the financial services sector, to help us drive towards these goals. Microsoft’s technologies and industry track record will enable the rapid scaling we see for DMI Fund Services, and our global funds network.”
Bill Borden, corporate vice president of worldwide financial services at Microsoft, says, “We’re excited to work with Calastone to enable innovation in the asset management and capital markets industries. Calastone’s DMI Fund Services, combined with Microsoft Azure and DLT, unlocks a secure and scalable way for firms to access the critical data and insights they need to further enhance the client experience, significantly reduce operating costs, and develop new investment models.”
