London-based global funds transaction network, Calastone, is expanding into New Zealand has recently carried out its first Australian transaction.

Calstone’s new extended boarder coverage will enable transactions between Australia and New Zealand clients and will help build partnership opportunities between the countries.

 “Our expansion has been primarily driven by our Australian clients wanting access to cross-border opportunities and New Zealand clients embracing automation,” said Calastone’s Australian managing director, Sarah Hayward.

Hayward says the first Trans-Tasman transaction for the organisation was an order received by an Australian manager.

In addition to transaction ventures overseas, Calastone recently joined the Linux Foundations Hyperledger Project blockchain initiative and launched a market intelligence solution to fund managers.