Legal & General Expands into Tokenized Fund Distribution on Blockchain Network

Legal & General has made a significant step into the world of digital finance by launching tokenized liquidity funds on a blockchain network. The UK-based asset manager has partnered with Calastone to enable the creation and trading of tokenized share classes, allowing for faster settlement and more efficient transfer of assets.

The introduction of tokenized shares is expected to open up new opportunities for investors who want to access Legal & General's liquidity funds in a digital format. With over £50B in assets now available in tokenized form, the company is well-positioned to meet growing demand for blockchain-based investment solutions.