UK asset manager puts $68 billion of funds on-chain via Calastone token network
CoinDesk
Legal & General Asset Management has placed $68 billion in liquidity funds on-chain using Calastone's tokenized distribution network.Summary
Legal & General Asset Management (L&G) has moved over 50 billion pounds (approximately $68 billion) of its liquidity funds onto the blockchain via the Calastone Tokenized Distribution Network. This initiative allows for the issuance, trading, and settlement of tokenized fund shares, aiming to enhance efficiency and provide faster settlement for investors. The funds, available in USD, EUR, and GBP, utilize a permissioned network to ensure regulated access while leveraging Ethereum and compatible blockchains to expand digital distribution.
(Source：CoinDesk)