Funds Network Calastone to Roll Out Blockchain Settlements in 2019
Calastone, the U.K.-based operator of a transactions network for investment funds, is moving settlement to a blockchain by May 2019
The megabank is positioning itself to take an active role across the bitcoin markets.
The Ontario Securities Commission gave its blessing Thursday.
Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee.
Calastone, a transactions network for the mutual funds industry, has now moved to its own blockchain-based settlement system.
A Credit Suisse subsidiary has completed a blockchain trial for fund transactions, concluding the tech offers "considerable benefits."