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UK asset management firm Legal & General tokenizes over £50 billion in funds via the Calastone network
Mars Finance News: UK asset management firm Legal & General has tokenized and onboarded the over 50 billion GBP liquidity funds it manages onto the blockchain through Calastone’s tokenized distribution network. The firm now provides money market funds on this network in the form of tokenized shares, supporting USD, EUR, and GBP, and covering issuance, trading, and same-day settlement. Investors can purchase, hold, and transfer the relevant tokenized shares within a licensing-based, regulated network. The relevant funds will be deployed on Ethereum and compatible blockchains, and will later expand to more networks.