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Legal & General tokenizes over £50 billion on the Calastone network Summary
UK-based Legal & General Asset Management has tokenized over £50 billion of liquid assets 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.
Breaking news from Gate, April 16 — UK-headquartered asset management firm Legal & General Asset Management has tokenized over £50 billion of liquid assets via Calastone's blockchain-based distribution network.
These funds are now available as tokenized shares on permissioned, regulated networks, denominated in USD, EUR, and GBP.
Tokenized money market funds support issuance, trading, and same-day settlement, allowing investors to buy, hold, and transfer shares within a regulated network infrastructure.
The assets are deployed on Ethereum and compatible blockchains, with plans to expand to more networks in the future.