UK asset management firm Legal & General has tokenized over £50 billion in funds via the Calastone network.
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UK asset management firm Legal & General has tokenized over £50 billion in funds via the Calastone network.
According to CoinDesk, UK-based asset manager Legal & General Asset Management has tokenized over £50 billion in liquid funds via Calastone’s tokenized distribution network. The firm now offers money market funds on this network in the form of tokenized shares, supporting USD, EUR, and GBP, with capabilities spanning issuance, trading, and same-day settlement. Investors can purchase, hold, and transfer these tokenized shares within a permissioned, regulated network. The relevant funds will be deployed on Ethereum and compatible blockchains, with plans to expand to additional networks in the future.
Navigating Web3 tides with focused insightsTechFlow News: On April 16, according to CoinDesk, UK-based asset manager Legal & General Asset Management (L&GAM) has tokenized over £50 billion in liquidity funds via Calastone’s tokenized distribution network. The firm now offers money market funds on this network in the form of tokenized shares, supporting USD, EUR, and GBP, with capabilities covering issuance, trading, and same-day settlement. Investors can purchase, hold, and transfer these tokenized shares within a permissioned, regulated network. The relevant funds will be deployed on Ethereum and compatible blockchains, with plans to expand to additional networks in the future.
