UK asset manager puts $68 billion of funds on-chain via Calastone token network
CoinDesk·3h ago·Positivity
What Happened
Legal & General Asset Management placed over 50 billion pounds ($68 billion) in liquidity funds on-chain through Calastone's tokenized distribution network. The money-market style funds operate in US dollars, euros, and pound sterling, offering same-day settlement and yield. Tokenized shares enable faster trading and settlement on Ethereum and compatible blockchains within a regulated framework.
Key Entities
Legal & General Asset ManagementCalastoneCalastone Tokenized Distribution Network$68 billionEthereumRoss McDonaldSimon Keefe