Calastone acquired by US private equity firm Carlyle Group
Financial details of the agreement have not been disclosed.
Financial details of the agreement have not been disclosed.
The partnership marks an industry first, according to JP Morgan and Calastone.
Coming in May 2019 via its new distributed market infrastructure.
Calastone has revealed its funds transaction network will be migrated onto a full blockchain-enabled infrastructure in 2019.
Global funds transaction network Calastone says it has “successfully” completed the first phase of its blockchain distributed market infrastructure proof-of-concept (PoC).
Hargreaves Lansdown, a financial service company based in Bristol, UK, has gone live with Calastone’s funds settlement system, Calastone Settlements. Danny Cox, head of communications at Hargreaves Lansdown comments that “automatic matching of trades and the netting of settlement positions early in the day will improve the efficiency of our operational and treasury teams”. He […]
London-based Calastone, the global funds transaction network, has launched Data Services, a market intelligence solution for fund managers. Calastone says that MiFID II, the European regulatory framework designed to “improve the transparency and oversight of financial markets”, is moving responsibility to understand the distribution chain from distributors and platform providers to fund managers. Rob Swan, […]