02:48 PM EST, 11/11/2025 (MT Newswires) -- Morgan Stanley ( MS ) has added Corastone, a blockchain-based wealth technology platform backed by KKR (KKR), to its system to streamline and accelerate alternative asset transactions, Bloomberg reported Tuesday, citing a statement seen by the media outlet.

Morgan Stanley's ( MS ) platform will use Corastone's blockchain software to automate and expedite fund transaction processing, reducing the manual paperwork common in the alternatives market, according to the report.

Alternative asset managers, including KKR, Apollo Global Management ( APO ) , and Franklin Templeton, have already agreed to use the system to distribute their investment products, the report said.

Shares of Morgan Stanley ( MS ), KKR and Apollo Global Management ( APO ) were up 0.8%, 1.5% and 2.3%, respectively, in recent trading.

Morgan Stanley ( MS ), KKR and Apollo Global Management ( APO ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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