Calastone Partners With Fireblocks to Launch Fund Tokenization Platform

Global funds network Calastone has partnered with Fireblocks to launch a new tool that will allow asset managers to tokenize any fund on its platform, the companies announced Monday.

The integration will enable users to deploy Calastone smart contracts across blockchains such as Ethereum and Polygon. Fireblocks will supply the blockchain infrastructure, connecting Calastone’s traditional services—like fund issuance, administration, and compliance—with web3-native distributors.

Ana Santillan, Fireblocks’ head of EMEA financial institutions, described the project as a “textbook example” of how blockchain can streamline financial processes.

The move comes as institutional interest in tokenization grows. Major firms like BlackRock and Janus Henderson have entered the sector, seeing blockchain as a tool to modernize areas ranging from private credit to government debt. As of now, tokenized assets—including stablecoins—total around $21.61 billion, according to rwa.xyz.

“By working with Fireblocks, we are taking an important step toward connecting traditional finance with blockchain-native markets while maintaining compliance, security, and operational integrity,” said Brian Godins, Calastone’s Chief Commercial Officer.

Founded in 2007 and headquartered in London, Calastone provides order routing, settlement, and reporting services to more than 4,500 financial organizations, including fund managers, asset servicers, and distributors.

The Fireblocks network allows users to connect with major crypto and financial institutions without assuming counterparty risk. Over 400 participants are already active, including banks, OTCs, asset managers, liquidity providers, exchanges, lending desks, brokers, market makers, clearinghouses, and custodians.

By tapping into Fireblocks’ technology, financial firms can elevate their custody services to an enterprise-grade level, ensuring security and governance standards. The integration also grants partners access to Fireblocks’ extensive network with direct connectivity to liquidity providers.

Additionally, Fireblocks provides a modular and scalable infrastructure that simplifies settlement processes, operational security, and reduces manual errors.