Calastone, the global funds network, continues to expand.

Fund transaction network Calastone is continuing its expansion into the Asia-Pacific market with a push into New Zealand.

The firm aims to support smoother transaction flow across Australasia. Its wider cross-border coverage enables transactions between New Zealand and Australian platforms, fund managers and other industry practitioners. Calastone’s technology provides interoperability, relieving asset managers, platforms, custodians, and administrators from the burden of unifying or standardising legacy technologies for straight-through-processing of information. 

Calastone has told this publication that Asia is an important growth market, with high potential for automating transactions at a time when some places continue to use older, paper-based methods. (See an interview about one major development between mainland China and Hong Kong, here.)