Polygon, an Ethereum scaling network for payments and real-world assets (RWA), has announced that Calastone, a global funds network, has integrated its tokenised distribution solution with the Polygon network.
The integration enables Calastone’s blockchain-based fund distribution platform to connect and distribute via Polygon’s scalable infrastructure, which the firm says supports institutional-grade, onchain operations.
Calastone’s Tokenised Distribution solution allows fund share classes to operate directly onchain, cutting settlement times and operational costs for asset managers while maintaining existing administrative processes.
Polygon’s infrastructure will support operations across Calastone’s network of 4,500 financial institutions in 58 markets.
“Markets are demanding more efficient, transparent infrastructure, and blockchain is ready to deliver at scale,” says Simon Keefe, head of digital solutions at Calastone.
“Through Polygon, our Tokenised Distribution platform can connect seamlessly with the onchain ecosystem, uniting our global network with blockchain’s efficiencies to streamline fund distribution.”
The partnership marks one of the first large-scale integrations of blockchain into fund distribution infrastructure, bringing onchain capabilities to a global institutional network, the firm notes.
“Calastone’s scale and reach make this a watershed moment for onchain finance,” comments Marc Boiron, CEO of Polygon Labs.
“Polygon provides the scalability, EVM compatibility, and cost efficiency that the world’s best institutions like Calastone need to operate onchain with no compromise to trust or performance.”
The firms add that the integration opens new opportunities for cross-border fund access and digital-first investor pools by lowering traditional barriers.
Asset managers can now reach global investors without the friction of multiple intermediaries.
Onchain transparency supports the compliance and security standards required for institutional operations.
The firms expect the integration to catalyse broader adoption across the financial services industry.
“We expect rapid scaling from pilots to production as more managers and investors move to onchain distribution,” adds Keefe.
“The connectivity between traditional funds and onchain liquidity opens access to both existing and new investor bases globally.”
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