Calastone Tests Blockchain System for Mutual Funds Industry

Network provider successfully completed the first phase of a distributed ledger proof-of-concept test.

Ken Tregidgo, Calastone’s deputy CEO
Ken Tregidgo, Calastone’s deputy CEO, believes that blockchain has strong applications in the mutual funds space.

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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