← State of Embedded Finance 2026

Calastone

Can a global fund transaction network become the dominant infrastructure layer for both traditional and tokenised fund distribution at scale?

Founded2007
HQLondon, UK
IndustryInfrastructure / Payments
The story

Calastone was founded as the world's largest global funds network, connecting fund managers and distributors via automated order routing and settlement infrastructure. Over time it expanded from domestic UK operations to covering 55 countries and 4,000+ clients processing £250 billion monthly. Its most significant recent strategic evolution is into tokenisation of funds through its Tokenised Distribution solution, integrating blockchain infrastructure (Fireblocks/Web3) to enable asset managers to distribute tokenised funds across decentralised ecosystems alongside its traditional network.

Last 12 months
2023
2020
Product timeline
2007
Founded as a fund order routing and settlement network for the mutual funds industry.· pivot
2020
Launched Order Routing & Settlements product providing STP (straight-through processing) for global fund trades and net cash positions.· banking
2023
Launched Tokenised Distribution solution enabling asset managers to tokenize funds on Calastone's network and distribute across blockchains such as Ethereum and Polygon, with Fireblocks providing Web3 connectivity.· banking
Regulated entities
FCA regulated
UK FCA
Calastone Limited
The stack
Crypto
Fireblocks
Accounting gap: none