Calastone Partners with Polygon to Distribute Tokenized Fund Share Classes

Citing Bijing.com, global fund network Calastone has selected Polygon as its tokenization technology provider, enabling asset managers to distribute tokenized fund share classes via Polygon's platform starting Wednesday. Calastone's digital solutions head Simon Keefe stated that blockchain is ready to meet the market's demand for more efficient and transparent infrastructure. Tokenized fund share classes represent traditional mutual funds or ETF shares on the blockchain, backed 1:1 by real, regulated fund units. Calastone, based in London, is the world's largest fund network, offering automated order routing, settlement, dividend, and transfer services to asset and fund managers. The company, founded in 2007, claims to connect over 4,500 firms across 56 markets. Calastone's tokenized distribution solution, launched in April on Ethereum, Polygon, and Canton, allows fund managers to operate on-chain, potentially reducing settlement times and operational costs without altering existing fund management processes. The platform enables funds to invest in on-chain capital pools, such as tokenized treasuries, without changing fund structure or operations. A representative noted that the system is now operational, integrated with Polygon and Calastone's global network, including 4,500 institutions and £25 billion in monthly fund flows.