London-based traditional financial company Calastone has announced the integration of Fireblocks' blockchain infrastructure to launch a new tool that enables asset managers to tokenize any fund on its platform. This integration will facilitate connections with Web3-native distributors while maintaining the issuance, management, and compliance functions of Calastone's core platform. Fireblocks will provide the technical support for the system, allowing users to deploy Calastone smart contracts on blockchains such as Ethereum and Polygon. This move reflects the growing institutional interest in tokenization, with industry giants like BlackRock and Janus Henderson actively positioning themselves in this space. Brian Godins, Chief Commercial Officer of Calastone, stated that this initiative helps bridge traditional finance with the blockchain market, ensuring compliance and security while attracting a new generation of digital investors. Since its establishment in 2007, Calastone has connected more than 4,500 financial institutions, offering services including order routing, settlement, and financial reporting.

Global funds network Calastone is integrating Fireblocks’ blockchain infrastructure to support a new tool that will enable asset managers to tokenize any fund on its platform, according to an announcement on Monday.“The integration enables connectivity with web3-native distributors while complementing Calastone’s core platform, which continues to manage key functions such as issuance, administration, and compliance workflows,” the firms wrote in a press release.Fireblocks will provide the backbone of the system, which will enable users to deploy Calastone smart contracts on blockchains including Ethereum and Polygon. Ana Santillan, head of EMEA financial institutions at Fireblocks, called it a “textbook example” of how crypto removes friction.The move comes amid a period of increasing institutional interest in tokenization, with major financial players like BlackRock and Janus Henderson taking strides into the sector, which could potentially revolutionize everything from private credit to government debt. There is currently $21.61 billion worth of total tokenized assets, including dollar-backed stablecoins, according to rwa.xyz.“By working with Fireblocks, we are taking an important step toward connecting traditional finance with blockchain-native markets, preserving compliance, security and operational integrity, while unlocking access to a new generation of digital-first investors,” Calastone Chief Commercial Officer Brian Godins said.London-based Calastone offers order routing, settlements and financial reporting services as well as support for mutual fund, money market fund and ETF transfers. Its network, created in 2007, connects over 4,500 financial organizations, including fund managers, asset servicers and distributors.

London's Calastone Partners with Fireblocks to Launch New Fund Tokenization Platform