Calastoe tests Blockchain in Mutual Fund Transactions

Calastoe tests Blockchain in Mutual Fund Transactions

Calastone’s report accentuated that adoption of blockchain could fetch benefits to the asset management company cutting $2.5 billion a year. The mutual fund transaction company researched with Deloitte data and presented the basis point savings. Jullien Hammerson, the CEO of Calastone revealed the use of blockchain led to automated mutual fund transactions.

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