Corastone Brings Permissioned Blockchain Technology to UMB Fund Services' Alternative Investment Servicing
Rhea-AI Summary
Corastone announced a partnership with UMB Fund Services to connect UMBFS and its clients to Corastone's private, permissioned blockchain (DLT) network for alternative investment servicing, with recordkeeping support from Envision.
StepStone (Nasdaq: STEP) is the first UMBFS client on the network, aiming to streamline subscriptions, reduce manual reconciliation, and improve data accuracy across transactions.
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News Market Reaction – UMBF
In the Jun 25 session, UMBF gained 1.37%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 22 | DLT partnership | Positive | +2.9% | iCapital and UMBFS integrate distributed ledger technology into fund administration. |
| May 11 | Custody growth | Positive | -0.8% | Institutional custody assets under custody reach $250B with strong year-over-year growth. |
| Apr 28 | Dividends & buybacks | Positive | -0.9% | Company declares common and preferred dividends and authorizes share repurchases. |
| Apr 28 | Q1 2026 earnings | Positive | -0.9% | Reports strong Q1 profitability, revenue, loan and deposit growth, and improved efficiency. |
| Apr 08 | Earnings call notice | Neutral | +3.3% | Schedules conference call to discuss upcoming first quarter 2026 financial results. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows several instances where positive financial or capital-return news saw negative next-day price reactions.
Key Terms
distributed ledger technology technical
permissioned blockchain technical
transfer agent financial
straight-through processing technical
fund administrator financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
StepStone becomes the first UMB client to connect to Corastone's network, streamlining subscription and lifecycle operations, with recordkeeping support from Envision.
UMBFS will act as a transfer agent and fund administrator on the platform, enabling straight-through processing of alternative investment transactions across the entire fund servicing lifecycle. UMBFS's transfer agency operations are supported by Envision Financial Systems' investor recordkeeping platform, which helps drive automation and operational efficiency across servicing workflows. StepStone Group (Nasdaq: STEP), a leading global private markets investment firm, is the first UMBFS client to connect to the Corastone network — using Corastone's shared distributed ledger technology to streamline subscriptions, reduce manual reconciliation, and improve data accuracy across all parties to a transaction.
After initially connecting to Corastone's network, UMBFS and any of their clients connected to Corastone can exchange standardized investor and transaction data in real time. This eliminates rekeying and minimizes reconciliation breaks, creating a uniform, trusted source of fund information for every participant in the workflow.
"UMB Fund Services is committed to investing in technology that helps our clients operate more efficiently as the alternative investment market continues to grow," said UMB Fund Services Director of Transfer Agency Operations Brittany Haiser. "By connecting to Corastone's permissioned DLT network, we are giving clients like StepStone a more standardized, transparent and scalable way to manage subscription and fund servicing workflows. We are excited to partner with Corastone to bring greater automation, accuracy and operational efficiency to an increasingly complex segment of the market."
"Envision is proud to support UMB Fund Services with technology that helps modernize operations, increase automation, and improve the client experience. Together, this collaboration with Corastone reflects a shared commitment to creating a more efficient, scalable model for alternative investment servicing," says Brian Jones, Envision Chief Operating Officer.
UMBFS's successful integration builds on growing institutional momentum, including Franklin Templeton's recent partnership with Corastone to launch Private Market Model Portfolios, along with Fidelity, Hamilton Lane and Future Standard joining the platform as investors. The partnership also demonstrates UMBFS's continued growth amid increasing demand for alternative investment servicing.
"Fund administrators and transfer agents are the operational backbone of private markets, and digitizing their workflows is essential to supporting the growth of private assets as investor demand increases," said Hamid Gayibov, Co-Founder and President of Corastone. "Bringing UMBFS live on our network with StepStone as the first client to transact through it shows how shared, permissioned infrastructure can reduce friction across the investment lifecycle without forcing firms to rebuild their systems. As a neutral infrastructure provider, our role is to serve as the connective layer between market participants, helping them scale more efficiently while preserving the relationships and operating models that differentiate their businesses. " "
As private markets activity continues to expand across wealth and institutional channels, firms are increasingly seeking transaction technology that performs at scale while reducing manual intervention. Corastone, through its proprietary permissioned blockchain network, functions as shared infrastructure and a common data standard for private markets workflows — connecting general partners, wealth managers, transfer agents, and fund administrators on a single platform, while allowing each participant to maintain ownership of its client relationships, servicing model and operating workflows.
About Corastone
Corastone is the hyperscaler for private market investing, providing the modern infrastructure that enables straight-through processing for GPs, wealth managers and fund administrators. Through a single integration, participants gain access to a vast ecosystem of investment opportunities and counterparties, helping them grow their business with confidence. Solely focused on infrastructure, Corastone enables consistent, repeatable processes throughout the investment lifecycle, fostering visibility, control and seamless operations. Built on a permissioned blockchain, Corastone is purpose-built to support new workflows, innovative products and the rapidly evolving private markets. For more information, visit corastone.us
About UMB
UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in
About StepStone
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2026, StepStone was responsible for approximately
About Envision Financial Systems
Envision is the leading real-time investor accounting platform provider, helping its clients identify and solve problems with innovative and flexible solutions. For more than 30 years, asset managers, fund sponsors, administrators, 529 program managers, and brokers have relied on Envision's solutions to automate processing and optimize efficiency. In total, Envision supports more than
Media Contacts
For Corastone: Forefront Communications for Corastone corastone@forefrontcomms.com
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SOURCE Corastone