Fidelity Investments, Future Standard, and Hamilton Lane have invested in Corastone’s platform for alternative investments.
Corestone says its private, permissioned blockchain network is used as the infrastructure and data standard for private markets operations.
This approach aims 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, asset managers, and administrators on one platform, with the goal of supporting performance across asset classes while managing operational complexity.
Rashad Gurbanov, co-founder and CEO of Corestone, said: “We are thrilled to bring such an illustrious group of industry leaders to the Corestone platform live.
“This milestone confirms our vision for how private markets should work: faster, more transparent and ready to scale. We look forward to the power of innovation and efficiency for all market participants.”
Other companies including Apollo, Franklin Templeton, KKR, and Morgan Stanley have also adopted Corestone technology for private market distribution.
Corestone co-founder and president Hamid Geibov commented: “As access to private markets continues to scale, companies need a standardized, digital infrastructure that supports high-volume and complex structures without adding operational burden.
“Corestone was created to serve as a common operating layer for the ecosystem, and the addition of Fidelity, Future Standard and Hamilton Lane reflects how the industry is coming together around a shared, enterprise-ready infrastructure. Our goal is to help investors of all sizes access private market assets as efficiently and reliably as the public markets.”
“Fidelity, Hamilton Lane Invest in Corestone Private Markets Platform” was originally developed and published by Private Banker International, a brand owned by Global Data.
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