UK financial firm Calastone selects Polygon for tokenized fund share distribution

According to ChainCatcher, citing Financefeeds, UK financial company Calastone has integrated its tokenized distribution solution with the Polygon blockchain, enabling institutions to conduct large-scale issuance and settlement of tokenized fund share classes via Polygon.

Calastone processes over £250 billion in transaction value each month, serving more than 4,500 financial institutions across 58 markets. The platform allows asset management companies to convert any fund on its network into tokenized share classes without changing its structure, management, or service operations.