Calastone Partners With Fireblocks to Launch Fund Tokenization

Global funds network Calastone is moving forward with blockchain technology with Fireblocks . The company announced earlier today that it is working with Fireblocks, a leading Ethereum infrastructure provider, to build a new tool allowing asset managers to tokenize any fund on its platform. Calastone and Fireblocks To Expand with Blockchain Integration According to the announcement, Calastone has decided to integrate Fireblocks’ blockchain infrastructure into its system. The integration will allow Calastone to connect with Web3-native distributors and offer fund tokenization. Calastone will still handle key business functions like issuing funds, running administration, and ensuring compliance with the rules. Fireblocks will provide the tool’s blockchain “backbone.” Users can deploy Calastone smart contracts on popular blockchains like Ethereum (ETH) and Polygon (POL). In a recent statement, Ana Santillan, head of EMEA financial institutions at Fireblocks, said this initiative is a big step forward and a “textbook example” of how crypto can remove old, slow processes. Tokenization Sees Growing Interest Calastone’s move comes as more big players explore the potential of tokenization. Major industry players like BlackRock, Janus Henderson, JPMorgan, and Ondo Finace are already working on projects in this area. This comes as tokenization can make financial services faster, cheaper, and more transparent. It also makes it easier to trade assets across different markets and systems. Tokenization could change how private loans, government bonds, and other financial products are managed. According to an on-chain platform, the total value of tokenized assets, including dollar-backed stablecoins, is currently worth $21.61 billion. Last October, a report from Boston Consulting Group (BCG) predicted that Real-world asset (RWA) tokenization could reach over $600 billion in assets under management (AUM) by 2030. This shows that tokenized assets are seen as a transformative force and are becoming an important part of the financial market. By working with Fireblocks, Calastone aims to connect traditional financial markets with blockchain technology. The company also plans to maintain strong standards in compliance, security, and operations while reaching a new group of digital-first investors. Calastone’s Role in Financial Services Calastone, based in London, has been helping financial companies since 2007. The contract offers services like sending orders, handling payments, and reporting financial information for big organizations. Calastone also helps move mutual funds, money market funds, and exchange-traded funds (ETFs). Its network connects over 4,500 companies, including fund managers, service providers, and sellers. With its new partnership with Fireblocks, Calastone is getting ready to connect traditional finance with blockchain markets. The post Calastone Partners With Fireblocks to Launch Fund Tokenization appeared first on TheCoinrise.com .

Source: The Coin Rise