Corastone joins forces with UMBFS and Envision
26 June 2026 US
Image: your123/stock.adobe.com
Corastone, a hyperscaler for private-market investing, has partnered with UMB Fund Services, (UMBFS), a provider of registered and alternative investment fund administration services, to connect UMBFS to Corastone's private, permissioned distributed ledger technology (DLT) network.
The collaboration between Corastone, UMBFS, and Envision replaces manual, document-based workflows and one-off integrations with a shared data standard that supports straight-through processing (STP) for all market participants involved in a given transaction.
Corastone will act as the underlying transaction infrastructure, enabling market participants to connect and exchange data while preserving their existing client relationships and service models.
UMBFS will function as a transfer agent and fund administrator on the platform, enabling STP of alternative investment transactions across the entire fund servicing lifecycle.
UMBFS's transfer agency operations are supported by Envision Financial Systems' investor recordkeeping platform, which helps drive automation and operational efficiency across servicing workflows.
StepStone Group (STEP), a private markets investment firm, is the first UMBFS client to connect to the Corastone network — using Corastone's shared DLT to streamline subscriptions, reduce manual reconciliation, and improve data accuracy across all parties to a transaction.
After initially connecting to Corastone's network, UMBFS and any of their clients connected to Corastone, can exchange standardised investor and transaction data in real time.
Brittany Haiser, UMBFS director of Transfer Agency Operations, remarks: "By connecting to Corastone's permissioned DLT network, we are giving clients like StepStone a more standardised, transparent and scalable way to manage subscription and fund servicing workflows.”
Brian Jones, Envision chief operating officer, notes: "Together, this collaboration with Corastone reflects a shared commitment to creating a more efficient, scalable model for alternative investment servicing.”
Hamid Gayibov, co-founder and president of Corastone, adds: "Fund administrators and transfer agents are the operational backbone of private markets, and digitising their workflows is essential to supporting the growth of private assets as investor demand increases.
“Bringing UMBFS live on our network with StepStone as the first client to transact through it shows how shared, permissioned infrastructure can reduce friction across the investment lifecycle without forcing firms to rebuild their systems.”
The collaboration between Corastone, UMBFS, and Envision replaces manual, document-based workflows and one-off integrations with a shared data standard that supports straight-through processing (STP) for all market participants involved in a given transaction.
Corastone will act as the underlying transaction infrastructure, enabling market participants to connect and exchange data while preserving their existing client relationships and service models.
UMBFS will function as a transfer agent and fund administrator on the platform, enabling STP of alternative investment transactions across the entire fund servicing lifecycle.
UMBFS's transfer agency operations are supported by Envision Financial Systems' investor recordkeeping platform, which helps drive automation and operational efficiency across servicing workflows.
StepStone Group (STEP), a private markets investment firm, is the first UMBFS client to connect to the Corastone network — using Corastone's shared DLT to streamline subscriptions, reduce manual reconciliation, and improve data accuracy across all parties to a transaction.
After initially connecting to Corastone's network, UMBFS and any of their clients connected to Corastone, can exchange standardised investor and transaction data in real time.
Brittany Haiser, UMBFS director of Transfer Agency Operations, remarks: "By connecting to Corastone's permissioned DLT network, we are giving clients like StepStone a more standardised, transparent and scalable way to manage subscription and fund servicing workflows.”
Brian Jones, Envision chief operating officer, notes: "Together, this collaboration with Corastone reflects a shared commitment to creating a more efficient, scalable model for alternative investment servicing.”
Hamid Gayibov, co-founder and president of Corastone, adds: "Fund administrators and transfer agents are the operational backbone of private markets, and digitising their workflows is essential to supporting the growth of private assets as investor demand increases.
“Bringing UMBFS live on our network with StepStone as the first client to transact through it shows how shared, permissioned infrastructure can reduce friction across the investment lifecycle without forcing firms to rebuild their systems.”
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