Fidelity Investments, Future Standard, and Hamilton Lane have invested in Corastone’s platform for alternative investments.
Corastone says its private, permissioned blockchain network is being used as infrastructure and a data standard for private markets operations.
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This approach is intended to move away from traditional file-based and point-to-point processes, offering a single network to enable direct processing across market participants.
The system connects general partners, wealth managers, and administrators on one platform, with the aim of supporting activity across asset classes while managing operational complexity.
Corastone co-founder and CEO Rashad Kurbanov said: “We are thrilled to see the Corastone platform live with such a distinguished group of industry leaders.
“This milestone validates our vision for how private markets should operate: faster, more transparent and ready to scale. We look forward to powering innovation and efficiency for all market participants.”
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By GlobalDataOther firms including Apollo, Franklin Templeton, KKR, and Morgan Stanley have also adopted Corastone’s technology for private market distribution.
Corastone co-founder and president Hamid Gayibov commented: “As access to private markets continues to scale, firms need standardised, digital infrastructure that supports higher volumes and more complex structures without adding operational burden.
“Corastone was built to serve as a common operating layer for the ecosystem, and adding Fidelity, Future Standard and Hamilton Lane reflects how the industry is coalescing around shared, enterprise-ready infrastructure. Our goal is to help investors of all sizes access private market assets as efficiently and reliably as public markets.”
