Global funds network Calastone is collaborating with British asset manager Schroders on capabilities in tokenized investment vehicles.
Calastone and Schroders are collaborating to explore tokenized investment vehicles for variable capital companies, according to a statement.
This follows multi-year investments by Calastone into distributed ledger technology (DLT) and tokenization with the aim of manufacturing and distributing tokenized investment vehicles.
Cost Reductions
According to Calastone, digitalization of core operations can help the asset management industry «transform the value chain and create better value for investors by reducing costs, and laying the foundation for more flexible investment products that are more aligned to the digital experiences consumers find elsewhere».
«Tokenising fund units will not provide the transformation that the industry is looking for,» said Calastone chief technology officer Adam Belding.
«[H]owever, operating collective investments on a native DLT platform, and applying DLT and tokenization at all levels of the fund from trading, to administration and distribution, provides a much more fundamental transformation.»
