Blockchain Distributed Market Infrastructure Proof-of-Concept for Global Funds Industry

Global funds transaction network Calastone has announced the successful completion of the first phase of its distributed market infrastructure proof-of-concept (PoC), to test the feasibility of using blockchain to develop a common global marketplace for the trading and settlement of mutual funds.

The tested distributed infrastructure model proved capable of processing transactions equivalent to a full day’s trading sourced from across Calastone’s global transaction network, which spans over 1,200 fund distribution and fund manager clients across 34 markets.

 

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