Legal & General Tokenizes Over £50B in Funds on Calastone Network

ETH2,22%

Gate News message, April 16 — UK-based asset manager Legal & General Asset Management has tokenized over £50 billion in liquid funds through Calastone’s blockchain-based distribution network. The funds are now available as tokenized shares on the permissioned, regulated network in USD, EUR, and GBP denominations.

The tokenized money market funds support issuance, trading, and same-day settlement, allowing investors to purchase, hold, and transfer shares within the regulated network infrastructure. The assets are deployed on Ethereum and compatible blockchains, with plans to expand to additional networks in the future.

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ABigHeartvip
· 04-16 00:57
Legal & General Asset Management in the UK has tokenized over £50 billion in liquidity through Calastone's blockchain network, enabling trading and same-day settlement in multiple currencies. The assets are deployed on Ethereum and are planned to be expanded in the future.
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