Calastone Tests Blockchain System for Mutual Funds Industry
Network provider successfully completed the first phase of a distributed ledger proof-of-concept test.
The buy side may be about to receive a taste of the blockchain, as transaction network provider Calastone has announced the successful test of a distributed-ledger system that potentially offers a way to eliminate burdensome trading processes in the mutual funds market.
Ken Tregidgo, Calastone’s deputy CEO, tells WatersTechnology that the use of distributed-ledger technology (DLT) will significantly affect how participants communicate with each other through the course of a trade’s life.
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