Calastone to Migrate Fund Network to Blockchain-Enabled Platform in May 2019
The network provider estimates the global cost of fund distribution could be reduced by as much as $4.35 billion.
Calastone, the global fund-transaction network, will be migrating its entire network of more than 1,700 financial organizations, across 40 global markets to a blockchain-powered marketplace, named the Distributed Market Infrastructure (DMI).
The migration, which will take place in May 2019, will connect one of the largest communities in the funds sector using distributed-ledger technology, making it a first, but significant step towards the sector’s digitalization.
The DMI will enable buyers
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