Fireblocks is now working with Calastone, the global funds network, to support Web3 connectivity within Calastone’s Tokenised Distribution solution, a solution enabling asset managers to tokenize any fund on Calastone’s network and “distribute it across blockchains such as Ethereum and Polygon.”
Fireblocks is providing infrastructure components “that enable integration with Web3-native distributors.”
This enables the deployment and “operation of Calastone’s smart contracts and tokenised fund infrastructure across multiple blockchains.”
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.”
Web3-native distributors are showing growing interest in “listing and distributing tokenized securities, while tokenized funds are increasingly being utilized as collateral across both traditional and decentralized financial ecosystems.”
Ana Santillan, Head of EMEA Financial Institutions at Fireblocks said:
“Fireblocks is pleased to support Calastone as it pioneers the future of fund distribution. Our infrastructure is purpose-built to help established financial institutions scale into the digital asset economy safely and seamlessly. This project is a textbook example of how blockchain connectivity can remove friction and unlock new growth opportunities.”
By integrating Fireblocks’ blockchain connectivity, Calastone’s Tokenised Distribution solution gives “asset managers an on-ramp into the digital asset economy while preserving their operational models and compliance frameworks.”
The result is a scalable pathway “to engage the next generation of investors.”
Brian Godins, Chief Commercial Officer said:
“The $59 trillion mutual fund market is finally entering the blockchain era. 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.”
Fireblocks is the world’s digital asset infrastructure company, empowering organizations of all sizes to “build, run and grow their business on the blockchain.”
With a secure, scalable, and accessible platform, they claim to “streamline custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world.”
Over 2,000 organizations – including BNY, Galaxy, and Revolut – “trust” Fireblocks to secure more than “$10 trillion in digital asset transactions across 100 blockchains and 250+ million wallets.”