Morgan Stanley Joins Blockchain Push for Alternative Asset Trading

‘The new fabric of the private markets’: KKR and Apollo among firms to launch on investment platform

Four of the world’s largest and most established financial firms have joined a blockchain-based investment platform designed to facilitate access to their funds. KKR, Apollo, Franklin Templeton and Morgan Stanley are among the companies to join Corastone, described as ‘the new fabric of the private markets.’ The platform will enable these firms to support alternative asset managers looking to expand their reach among private high-net-worth inves…

Morgan Stanley integrates KKR-backed Corastone platform

Morgan Stanley has integrated Corastone, a transaction-processing platform backed by KKR & Co., into its wealth management technology stack, reported Bloomberg.  This platform will digitise investor onboarding and automate validation steps that previously relied on manual paperwork.  Corastone uses blockchain-based infrastructure to centralise documentation and standardise data exchange between distributors and fund administrators.  With the int…

Morgan Stanley Joins Blockchain Push for Alternative Asset Trading

Morgan Stanley has entered a new partnership with Corastone, a blockchain platform backed by KKR, in an effort to bring automation and transparency to the trading of alternative assets such as private equity and hedge funds. The collaboration is part of a growing movement on Wall Street to digitize complex financial transactions using blockchain technology. Major asset managers, including Apollo Global Management and Franklin Templeton, have als…