UK asset management firm Legal & General has put over £50 billion of funds on the blockchain through the Calastone network

The UK asset management firm Legal & General has put its managed liquidity funds, exceeding £50 billion, on-chain through the tokenized distribution network launched by Calastone.

The firm is now offering money market funds in tokenized share form on this network, supporting USD, EUR, and GBP, covering issuance, trading, and same-day settlement. Investors can purchase, hold, and transfer the related tokenized shares within a permissioned, regulated network. The relevant funds will be deployed on Ethereum and compatible blockchains, with plans to expand to more networks in the future.