L&G brings £50B liquidity funds onchain via Calastone tokenized network
London-based Legal & General Asset Management is the latest global asset manager to expand distribution across blockchain networks and trading models.
Legal & General Asset Management (LGAM) has launched its £50 billion liquidity funds on blockchain infrastructure through Calastone's tokenized distribution network. The London-based global asset manager now enables investors to access and transfer fund shares via digital infrastructure rather than traditional settlement systems. This move makes LGAM one of the latest major institutional players to embrace blockchain technology for fund distribution.
Calastone operates a blockchain-based network that tokenizes traditional fund shares, allowing for more efficient settlement and transfer processes. The platform has been gaining traction among asset managers seeking to modernize their distribution capabilities and reduce operational friction. LGAM's decision to utilize this infrastructure represents a significant endorsement of tokenized fund distribution from one of the UK's largest asset management firms.
The integration highlights the growing institutional adoption of blockchain technology in traditional finance. Asset managers are increasingly exploring tokenization to streamline operations, reduce costs, and provide more flexible access to their products. This trend reflects broader industry momentum toward digital transformation in fund management and distribution channels.
Market observers will be watching for additional major asset managers to follow LGAM's lead in adopting tokenized distribution models. The success of this implementation could accelerate institutional blockchain adoption and influence regulatory frameworks governing digital asset management infrastructure.
Source: Cointelegraph
