Global funds network Calastone taps Polygon for tokenized asset distribution
Calastone is now enabling asset managers to distribute its Tokenized Fund Share Classes on Polygon's blockchain infrastructure.Summary
Global funds network Calastone has expanded its Tokenised Distribution platform by integrating with Polygon, allowing asset managers to distribute its Tokenized Fund Share Classes directly on Polygon's rails starting Wednesday. Tokenized Fund Share Classes are digital representations of traditional fund units, backed 1:1 by regulated assets. Calastone's Head of Digital Solutions, Simon Keefe, stated this integration connects their global network with blockchain efficiencies to streamline fund distribution. The platform, which went live in April on Ethereum, Polygon, and Canton, theoretically cuts settlement times and operational costs. This new integration means Calastone's network of over 4,500 firms and significant monthly flow can now utilize Polygon's infrastructure for onchain distribution without altering existing fund structures.
(Source：The Block)