Share this article
Mutual Funds Network Calastone’s 'Real-Time' Blockchain Platform Is Live
Calastone, a transactions network for the mutual funds industry, has now moved to its own blockchain-based settlement system.
Updated Sep 13, 2021, 9:13 a.m. Published May 20, 2019, 1:15 p.m.
Calastone, a transactions network for the mutual funds industry, has moved to its own blockchain-based settlement system, the firm announced Monday.
The new system, the Distributed Market Infrastructure (DMI), is designed to enable cheaper, “friction-free” trading, settlement and servicing of funds in real-time, the firm said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
London-headquartered Calastone serves over 1,800 customers across 41 countries, including notable entities such as JPMorgan Asset Management. Until now, the network's processes for settling funds were manual-based, including over 9 million messages and transactions worth about $217 billion a month between buyers, sellers and distributors.
With the move to a blockchain-based system, the London-based firm estimates the mutual funds industry will see savings of over £3.4 billion ($4.33 billion) per year.
Campbell Brierley, Calastone's chief innovation officer, said:
“Through Calastone’s blockchain-enabled market infrastructure all participants across the fund’s world can work together seamlessly and view trading activity in real-time. Information now ripples instantly across the market, a step change from the previous, fragmented model."
"Financial services firms worldwide can, via the DMI, utilise new services, enhanced capabilities and new investment opportunities, allowing them to evolve their proposition to one that will be more competitive and valuable long-term," he added.
The company further said that it will also bring in a new service – the Sub-Register – to create a "shared, real-time view and history of the registers between trading partners at any point in the distribution chain."
“By leveraging the latest technology we are able to provide the investment management community with the tools they need to control risk and cost, while meeting the evolving needs of investors,” said Calastone CEO Julien Hammerson.
Calastone has been working on the blockchain system since as early as 2017, when it completed the first phase of a proof-of-concept for the DMI. It said at the time it would move its system to a private, permissioned blockchain network in 2019.
London image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
