What Corastone does

Corastone (legal name: Corastone Capital and Markets, Inc.) is a Houston-headquartered, venture-stage financial infrastructure company that operates a permissioned distributed ledger technology (DLT) network purpose-built for private market transactions. The platform, which went live in November 2025, connects general partners, wealth managers, custodians, fund administrators, and transfer agents through a single point of integration, replacing legacy PDF-, paper-, and point-to-point file-based workflows with end-to-end straight-through processing across subscriptions, capital calls, valuations, tenders, redemptions, and transfers. Technical differentiators include an account-based identity model (not private keys) for KYC/AML enforcement, self-executing smart contracts for investor eligibility checks, and modular architecture supporting both API- and file-based integrations.

The company monetizes via platform / subscription fees charged to network participants, with pricing not publicly disclosed and contracts negotiated on a quote basis with enterprise clients. Its go-to-market is enterprise field sales targeting major institutional investors; Corastone's announced partners and investors include Apollo, Morgan Stanley, Franklin Templeton, KKR, Fidelity Investments, Future Standard ($86B AUM), Hamilton Lane ($1.0T AUM/supervision), UMB Fund Services, and StepStone Group. The company has 11-50 employees across offices in Houston, New York, and Lisbon, and is led by co-founder/CEO Rashad Kurbanov (20+ years in capital markets technology) and co-founder/President Hamid Gayibov, with Viktor Nikolenko as CTO and Jorge Caeiros as Chief Architect. The product surface is also expanding into packaged offerings, including the May 2026 Franklin Templeton Private Markets Model Portfolios co-development, which provides advisors with a single-subscription SMA-style structure covering private equity, private credit, real estate, and infrastructure.

Name

Corastone

Legal name

Corastone Capital and Markets, Inc.

Website

https://corastone.us

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Corastone operates a permissioned blockchain network that provides shared infrastructure for private market investing, enabling straight-through processing of subscriptions, capital calls, and transfers among general partners, wealth managers, custodians, and fund administrators. The platform serves tier-1 institutional participants including Apollo, KKR, Morgan Stanley, and Franklin Templeton.

Ownership category

akta.pro rank

Product category

Private Market Infrastructure Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL)

akta.pro secondary industry

Developer APIs & Node Access (RPC providers, node infrastructure APIs) (FSAPABAC)

Keywords

• Private market infrastructure
• Distributed ledger technology
• Alternative investment processing
• Blockchain financial services
• Straight-through processing

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Platform/Subscription Fees: Infrastructure platform fees charged to participants (GPs, wealth managers, fund administrators) for access to the network. The platform serves as the operating infrastructure layer replacing legacy file-based processes and point-to-point integrations. Fees likely follow a subscription model based on transaction volume or participant tier.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Corastone provides a permissioned blockchain-based infrastructure platform that enables straight-through processing for private market transactions. The platform connects general partners (GPs), wealth managers, and fund administrators on a single shared network, supporting subscriptions, capital calls, valuations, redemptions, and transfers across the entire investment lifecycle. Customers integrate once to access the full counterparty network via API- or file-based integrations, replacing legacy point-to-point and PDF-based workflows with real-time digital processing.

Product overview

Corastone offers a unified private market investing infrastructure platform built on permissioned blockchain technology. The core Corastone Platform serves as the central product, providing straight-through processing that connects general partners (GPs), wealth managers, and fund administrators through a single integration point. The platform replaces legacy file-based and point-to-point integration systems with digital workflows for subscriptions, capital calls, valuations, redemptions, and transfers. Additional capabilities include API-based and file-based integrations, real-time data exchange, and automated transaction processing across the alternative investment servicing lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Corastone Platform Permissioned blockchain-based private market investing infrastructure platform that connects GPs/fund sponsors, wealth managers/custodians, and fund administrators/transfer agents through a single integration point. Supports straight-through processing for subscriptions, capital calls, valuations, redemptions, and transfers, with both API-based and file-based integrations. For enterprise clients in the alternative investments and wealth management ecosystem.
• Franklin Templeton Private Markets Model Portfolios (co-developed with Franklin Templeton) A co-developed investment product with Franklin Templeton providing financial advisors with multi-asset exposure to private markets through a single-subscription, separately managed account (SMA)-style structure. Built on Corastone's digital infrastructure, supports monthly rebalancing and direct exposure to underlying private market funds across private equity, private credit, private real estate, and private infrastructure. For financial advisors and their clients seeking private market access.

Quantifiable outcome

• Replaces PDF- and paper-based processes with electronic trade/transaction tickets
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• UMB Fund ServicescoreTechnology or Integration · 25 June 2026Partnership to connect UMB Fund Services to Corastone's private, permissioned distributed ledger technology network. The collaboration enables real-time exchange of standardized investor and transaction data, replacing manual document-based workflows with straight-through processing across the alternative investment servicing lifecycle.
• Franklin TempletonflagshipStrategic or Co-development Partner · 11 May 2026Franklin Templeton launched Private Markets Model Portfolios in collaboration with Corastone, combining Franklin Templeton's investment capabilities with Corastone's digital infrastructure. The solution enables financial advisors to incorporate private market investments within a professionally managed portfolio framework using a single-subscription, SMA-style structure.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Forge Global: Marketplace and infrastructure for private company shares and fund interests. Comparable to Corastone's private-securities digitization thesis, with overlap in secondaries, transfers, and cap-table workflows.
• R3 (Corda): Enterprise blockchain (Corda) purpose-built for regulated financial institutions, used for capital markets, syndicated lending, and securities workflows. Comparable as a permissioned DLT competitor that financial institutions could choose instead of a proprietary ledger like Corastone's.
• CAIS: Alternative investments platform powering wealth-manager access to private funds, with operational workflows across subscriptions and reporting. Named alongside Corastone investors (Apollo, Franklin Templeton) and competes for the same wealth-channel infrastructure slot.
• Digital Asset Holdings: Enterprise DLT and smart-contract platform (DAML/Canton) used in regulated financial services, including capital markets workflows. Comparable to Corastone as a permissioned-ledger infrastructure provider for financial institutions.
• Symbiont (State Street): Permissioned DLT for private securities and fund workflows, acquired by State Street. The most direct permissioned-blockchain-for-private-markets precedent and a key competitive reference point for Corastone's enterprise ledger approach.
• iCapital Network: End-to-end operating platform connecting alternative asset managers with wealth advisors (RIAs, broker-dealers, family offices). Directly comparable to Corastone's wealth-channel enabling play, though iCapital is more of a full-stack solution whereas Corastone is infrastructure.
• Securitize: Tokenization and digital-securities platform for private funds and alternative assets. Overlaps directly with Corastone in digitizing private securities and connecting GPs with distribution partners, though Securitize has focused more on issuance/secondary trading rails.
• tZERO: Blockchain-based infrastructure for issuance and trading of digital securities, with private-markets and tokenization capabilities. Comparable as a permissioned-blockchain private-markets infrastructure peer.

Broad incumbents

• Allvue Systems: Software platform for alternative investment managers and fund administrators covering accounting, reporting, and investor servicing. Comparable on the fund-administration / servicing side that Corastone is trying to automate and digitize via its ledger.
• Paxos: Regulated blockchain infrastructure for tokenization, custody, settlement, and stablecoins. Comparable as a regulated, permissioned financial infrastructure provider, though Paxos is broader across asset types and consumer-facing use cases than Corastone's private-markets focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/corastone

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corastone