According to news on May 12, Calastone, a fund distribution platform under the global investment company Carlyle, released a white paper on the practical application of asset management tokenization, proposing two solutions. One of the solutions is the tokenization of fund units, and the other is to tokenize the assets in the fund. Already in 2019 it began using distributed ledger technology on its platform, the Distributed Market Infrastructure (DMI) for order routing, and is currently conducting supervised pilots with several global asset managers. The Carlyle Group is a private equity investment fund founded in 1987 with $260 billion in assets under management. In October 2020, The Carlyle Group announced the acquisition of a majority stake in fund distribution platform Calastone.