Top 10 Platforms Bringing Fund Administration Onchain
Tokenized funds are often discussed as though issuing a digital token is the difficult part. In reality, issuing the token may be the beginning.
Investment funds still need investor registers, subscriptions, redemptions, NAV calculations, compliance controls, distributions, reconciliations, and transfer-agent processes. If those functions remain entirely manual, putting fund shares on a blockchain delivers only part of the potential benefit.
The fund industry is therefore beginning to move administration itself onto digital rails. Calastone forecasts that tokenized fund assets could grow from about $4 billion in 2024 to $235 billion by 2029. Its research found that 13% of asset managers planned tokenized distribution in 2026, rising to 28% by 2030.
Securitize
Securitize combines token issuance with services traditionally spread across several financial intermediaries. Its U.S. operations include a registered transfer agent, broker-dealer, alternative trading system, and Securitize Fund Services. By July 2026, the company reported roughly $5 billion of tokenized AUM, while its fund-services operation was also providing administration and digital-asset reporting.
In April, Securitize Fund Services extended independent reporting, allocation tracking, performance validation, and reconciliation into onchain vaults through its partnership with Upshift.
Kinexys Fund Flow
J.P. Morgan built Kinexys Fund Flow specifically around the operating lifecycle of alternative funds. The system tokenizes fund interests and maintains investor and transaction information on a shared permissioned ledger.
Capital calls, distributions, investor registers and payment status can therefore be coordinated within one environment. Fund movements can also connect with J.P. Morgan’s Blockchain Deposit Accounts for near-instant settlement. J.P. Morgan Asset & Wealth Management and Citco completed the first transaction through the platform in 2025.
Clearstream FundsDLT
Clearstream has turned FundsDLT into part of its core fund-services infrastructure. Its Digital Transfer Agency product maintains blockchain-backed investor registers while automating subscriptions, redemptions, settlement, reporting and communications.
In June 2026, Clearstream said the platform was delivering operational cost reductions of up to 50% for some clients as it expanded into additional markets. The product supports structures including UCITS, ETFs, money market funds and alternative investments.
Calastone Digital Investments
Calastone approaches tokenization from inside one of the world’s largest existing fund-processing networks. Its Digital Investments platform covers issuance, administration and distribution of tokenized investment products, with real-time pricing, netting, fund accounting and NAV calculations.
Asset managers can also use Tokenised Distribution to represent existing funds on public or permissioned blockchains without changing the underlying fund structure. Calastone says more than 4,500 clients use its network, which processes about £300 billion of investment value each month.
Allfunds Blockchain
Allfunds is connecting tokenized investment products with an established global distribution network. In June 2026, Allfunds Blockchain announced an expansion of tokenized fund accessibility to Solana, allowing asset managers and transfer agents already connected to Allfunds to reach public blockchain distribution channels while preserving connections to conventional markets.
Allfunds said its wider platform connected more than 3,300 asset managers and financial institutions and supported close to €1.8 trillion of assets under administration at the end of March 2026.
Apex Group
Apex Group brings something different to the market because it is already a huge conventional asset servicer. In March 2026, the company said it would adopt T-REX Ledger as its default multichain orchestration layer for tokenized asset ownership and compliance.
Apex services more than $3.5 trillion in assets and set an initial target of $100 billion of tokenized assets by June 2027. The infrastructure is intended to prevent investor registers and compliance information from becoming fragmented when the same fund is distributed across several blockchains.
Tokeny
Tokeny’s T-REX platform provides many of the tools needed after a tokenized fund or security has been issued. Issuers and their agents can manage investor onboarding, compliance, distributions, cap tables, corporate actions, NAV information, and transfers through one system.
The platform is based around ERC-3643, which embeds identity and transfer restrictions into tokenized securities. Tokeny reports more than 120 token issuers and over three billion indexed blockchain events across its infrastructure.
Marketnode Fundnode
Marketnode’s Fundnode focuses less on issuing tokens and more on modernizing the plumbing between funds and their service providers. The Singapore network connects distributors, asset managers, transfer agents and banks through shared infrastructure covering order routing, confirmations, reconciliation and settlement coordination.
By June 2026, Fundnode reported processing more than 2.8 million orders since inception, including 856,710 during the first six months of 2026.
UBS Tokenize
UBS has demonstrated how onchain administration can work at the transaction level. In November 2025, UBS Tokenize and DigiFT completed a live subscription and redemption workflow for the uMINT tokenized money market investment using Chainlink’s Digital Transfer Agent standard.
The process covered order taking, execution, settlement, and synchronization between onchain and offchain systems. DigiFT acted as the onchain distributor, while the workflow showed how established fund roles can communicate through smart-contract infrastructure rather than being eliminated.
Libeara
Libeara provides regulated tokenization infrastructure connecting asset managers with blockchain issuance and distribution channels. Its work with ChinaAMC and Standard Chartered helped create the infrastructure behind Asia-Pacific’s first tokenized retail money market fund, where Standard Chartered handled roles including custody and administration while Libeara supplied the digital platform.
In March 2026, Libeara received a Capital Markets Services licence from Singapore’s MAS covering collective investment schemes and securities.
Fund administration is unlikely to disappear simply because funds become tokens. In fact, regulated tokenized funds may require many of the same controls traditional investment products already use.
What can disappear is some of the friction between those controls. A shared investor register can reduce reconciliation. Smart contracts can automate distributions. Digital cash can shorten settlement, while compliance logic can travel with the asset.
That is where onchain fund administration becomes more meaningful than tokenization alone. The token changes how ownership is represented. Rebuilding the operations around it changes how the fund actually works.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Anastasiia O. is an editor at MPost, where she focuses on reshaping content across a wide spectrum of topics. With an eye for detail and a genuine interest in storytelling, she helps ensure that the content is both accurate and engaging. Her experience spans multiple areas, providing her with the knowledge to offer insightful contributions to various topics highlighted on the platform.
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Anastasiia O. is an editor at MPost, where she focuses on reshaping content across a wide spectrum of topics. With an eye for detail and a genuine interest in storytelling, she helps ensure that the content is both accurate and engaging. Her experience spans multiple areas, providing her with the knowledge to offer insightful contributions to various topics highlighted on the platform.
