Corastone Partners with UMB Fund Services to Revolutionize Alternative Investments with Blockchain

Revolutionizing Alternative Investments with Blockchain

The evolving landscape of alternative investment servicing is taking a significant leap forward, thanks to a new partnership between Corastone, a hyperscaler specializing in private-market investing, and UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation. This collaboration aims to bring sophisticated blockchain technology to the forefront of alternative investment management, enhancing operational efficiencies and ensuring seamless transactions.

A Groundbreaking Partnership

Announced on June 25, 2026, this partnership marks a pivotal moment in the realm of fund administration. By integrating Corastone's private, permissioned distributed ledger technology (DLT) network, UMB Fund Services will streamline its operations, which now include managing investor subscriptions and the entire servicing lifecycle for alternative investments.

At the heart of this collaboration is the shared objective to replace traditional, manual, document-based workflows that have previously hampered efficiency. With a standardized data exchange framework, market participants will benefit from straight-through processing, allowing them to execute transactions more swiftly and accurately.

StepStone Takes the Lead

A notable early adopter of this advanced technology is StepStone Group (Nasdaq: STEP), a leading global private markets investment firm. As the first client connected to the Corastone network, StepStone is leveraging this novel shared distributed ledger to enhance its subscription processes, significantly reducing manual reconciliation efforts and bolstering data accuracy across transactions.

This integration allows for real-time exchange of standardized investor and transaction data, effectively eliminating the need for redundant data entry and minimizing reconciliation discrepancies. Such advancements create a consistent, reliable source of fund information for all participants involved in the investment chain.