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StepStone becomes the first UMB client to connect to Corastone's network, streamlining subscription and lifecycle operations, with recordkeeping support from Envision. NEW YORK, June 25, 2026 /PRNewswire/ -- Corastone, the hyperscaler for private-market investing, today announced a partnership with UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), a national leader in registered and alternative investment fund administration services, to connect UMBFS to Corastone's private, permissioned distributed ledger technology (DLT) network.
UMB Financial's arm integrates iCapital's DLT into its fund services platform to streamline operations and improve efficiency in alternative investments.
NEW YORK & KANSAS CITY, Mo.--(BUSINESS WIRE)--iCapital1, the global fintech company shaping the future of investing, today announced an integrated partnership with UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF) and a national leader in registered and alternative investment fund administration services, to further expand the deployment of its distributed ledger technology (DLT) into the operating layer of fund administration. This collaboration extends iCapit.
UMB Financial continues to report solid growth and healthy credit quality, and trades at an attractive 10x forward earnings multiple. Core revenue growth remains strong. While UMB's liability-sensitive balance sheet isn't best positioned for "higher for longer" interest rates, volume growth is healthy. Credit quality remains a key differentiator, with net charge-offs below 0.2% and only minimal exposure to private credit lending.